Monthly Bulletin for Consumer Price Index and Inflation in Syria – September 2024
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Syrian Center for Policy Research:
The bulletin provides an independent assessment of consumer prices and the rate of inflation in all Syrian regions, based on a monthly survey of consumer prices carried out by the Syrian Center for Policy Research (SCPR) since October 2020. The SCPR had developed a methodology for building a price index based on components of consumer basket, weighting, and market selection (See SCPR’s Consumer Price Index in Syria)
This bulletin presents the findings of the monthly consumer price survey and the changes in the Consumer Price Index (CPI) for September 2024 (with 2021 as the base year) broken down by region and the major consumption groups. Based on the CPI changes, the bulletin provides an estimate of the cost of living and poverty lines at the local level in all Syrian regions.
The following results are highlighted:
- In September 2024, the general CPI achieved annual inflation (Y-o-Y) of 40.6 per cent and monthly inflation (M-o-M) of 2 per cent.
- In September 2024, Homs Governorate recorded the highest monthly inflation rate (M-o-M), at 6.6 per cent, followed by Rural Damascus at 5 per cent, then Tartous at 3.2 per cent, while Dara’a recorded the lowest inflation rate in September 2024 at 0.1 per cent.
- In September 2024, the Housing, water, electricity, gas, and other fuel oils group contributed significantly to the monthly inflation (M-o-M) with 2 per cent, making up 58.6 per cent of the total, followed by the Education group with a contribution of 31.4 per cent.
- The inflation that occurred in September 2024 led to a decrease in the real wages of workers in the public sector in the GoS areas by 2.2 per cent compared to August 2024. Inflation also led to a decrease in the real wages of employees in the institutions of the AA areas by 0.9 per cent. The real wages of employees in the institutions of the SIG & SSG areas decreased by 30 per cent after reducing the wages of employees in the SSG institutions by 50 per cent.
- In September 2024, the abject poverty line for families, serving as an indicator of food insecurity, rose to SYP 2.81 million per month, marking an increase of SYP 38 thousand from August 2024. The lower poverty line increased by SYP 60 thousand from the previous month to reach SYP 4.4 million, while the upper poverty line saw an SYP 82 thousand increase, reaching SYP 6.1 million.
- In September 2024, the wage gap from the upper poverty line reached 79.8per cent for university-educated employees in the public sector, 62.1 per cent for private sector workers, and 1 per cent for civil society workers. In all three instances.
Bulletins – Issue 9, September 2024
Monthly Bulletin for Consumer Price Index and Inflation in Syria
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Bulletins – Issue 9, September 2023
Monthly Bulletin for Consumer Price Index and Inflation in Syria
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Syrian Center for Policy Research:
The bulletin provides an independent assessment of consumer prices and the rate of inflation in all Syrian regions, based on a monthly survey of consumer prices carried out by the Syrian Center for Policy Research (SCPR) since October 2020. The SCPR had developed a methodology for building a price index based on components of consumer basket, weighting, and market selection (See SCPR’s Consumer Price Index in Syria)
This bulletin presents the findings of the monthly consumer price survey and the changes in the Consumer Price Index (CPI) for September 2024 (with 2021 as the base year) broken down by region and the major consumption groups. Based on the CPI changes, the bulletin provides an estimate of the cost of living and poverty lines at the local level in all Syrian regions.
The following results are highlighted:
- In September 2024, the general CPI achieved annual inflation (Y-o-Y) of 40.6 per cent and monthly inflation (M-o-M) of 2 per cent.
- In September 2024, Homs Governorate recorded the highest monthly inflation rate (M-o-M), at 6.6 per cent, followed by Rural Damascus at 5 per cent, then Tartous at 3.2 per cent, while Dara’a recorded the lowest inflation rate in September 2024 at 0.1 per cent.
- In September 2024, the Housing, water, electricity, gas, and other fuel oils group contributed significantly to the monthly inflation (M-o-M) with 2 per cent, making up 58.6 per cent of the total, followed by the Education group with a contribution of 31.4 per cent.
- The inflation that occurred in September 2024 led to a decrease in the real wages of workers in the public sector in the GoS areas by 2.2 per cent compared to August 2024. Inflation also led to a decrease in the real wages of employees in the institutions of the AA areas by 0.9 per cent. The real wages of employees in the institutions of the SIG & SSG areas decreased by 30 per cent after reducing the wages of employees in the SSG institutions by 50 per cent.
- In September 2024, the abject poverty line for families, serving as an indicator of food insecurity, rose to SYP 2.81 million per month, marking an increase of SYP 38 thousand from August 2024. The lower poverty line increased by SYP 60 thousand from the previous month to reach SYP 4.4 million, while the upper poverty line saw an SYP 82 thousand increase, reaching SYP 6.1 million.
- In September 2024, the wage gap from the upper poverty line reached 79.8per cent for university-educated employees in the public sector, 62.1 per cent for private sector workers, and 1 per cent for civil society workers. In all three instances.
