Monthly Inflation Note, May 2015
Summary: The Bank of the Republic of Haiti's monthly note on inflation for May 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 rose to 6.6% in May 2015, after 6.4% in March and 6.3% in April.
- Monthly inflation rose to 0.8%, following 0.4% in March and 0.5% in April.
- Inflation accumulated over the first 8 months of the fiscal year was 4.2%, compared with 3% over the same period one year earlier.
- Food, beverages and tobacco contributed 55.4% of monthly inflation, with yam up 3.3%, dry peas up 2.8%, and chicken up 2.4%.
- Imported-product inflation stayed at 4.7% year on year, while local-product inflation rose to 6.6% from 6.2% in April.
- BRH cited weak agricultural production and continued gourde depreciation as factors behind the monthly inflation increase.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, May 2015, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0515.pdf