Monthly Inflation Note, February 2015
Summary: The Bank of the Republic of Haiti's monthly note on inflation for February 2015. It reads the consumer price index published by IHSI and adds the central bank's own analysis: headline inflation month on month and year on year, movement in the main consumption functions, inflation broken down by whether goods are imported or locally produced and by region of the country, core inflation, the factors the bank holds responsible for the month's movement, and its inflation forecast.
Key Findings
- Annual inflation stayed at 6.6 percent in February 2015, while monthly inflation slowed by 10 basis points to 0.3 percent.
- Cumulative monthly inflation from October 2014 to February 2015 reached 2.4 percent, compared with 1.2 percent for the same period one year earlier.
- Transport prices contracted by 1.5 percent because gasoline and diesel prices fell by 9.8 percent, making transport the main negative contributor to monthly inflation.
- Imported products contracted by 0.3 percent month-on-month and slowed to 5.1 percent year-on-year, while local products rose 0.5 percent month-on-month and 6.5 percent year-on-year.
- Core inflation rose to 6.73 percent year-on-year and 0.40 percent month-on-month, above the headline monthly rate.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, February 2015, https://www.brh.ht/wp-content/uploads/note_inflat0215.pdf