Monthly Inflation Note, June 2015
Summary: The Bank of the Republic of Haiti's monthly note on inflation for June 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
- The June 2015 BRH inflation note reports a sharp acceleration of inflation amid faster gourde depreciation.
- Monthly inflation rose to 1.9 percent and annual inflation to 8.0 percent, above the 7.1 percent end-year program projection mentioned in the note.
- June 2015 monthly inflation was the highest since January 2010 after the earthquake.
- Cumulative monthly inflation over the first nine months of the fiscal year exceeded the previous-year level and was the highest since FY2011.
- Food, clothing and rent-energy-water made the largest monthly contributions to CPI growth.
- BRH links the acceleration to weak agricultural production and faster depreciation of the gourde.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, June 2015, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0615.pdf