Monthly Inflation Note, July 2015
Summary: The Bank of the Republic of Haiti's monthly note on inflation for July 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 reached 9.3 percent in July 2015 and average inflation for fiscal year 2014-2015 stood at 6.8 percent, compared with 3.7 percent in the previous fiscal year.
- Monthly inflation rose to 2 percent, and cumulative monthly inflation for the first ten months of the fiscal year reached 8.1 percent against 4.4 percent one year earlier.
- Food, beverages and tobacco, clothing and footwear, and other goods and services accounted together for 84.35 percent of monthly inflation.
- Imported-product inflation reached 6.7 percent year-on-year and 1.8 percent month-on-month, while local-product inflation reached 9.6 percent year-on-year and 2.1 percent month-on-month.
- Core inflation stayed below headline inflation for the third consecutive month, reaching 9.06 percent year-on-year and 1.92 percent month-on-month.
- The note identifies weak agricultural production after drought from April to June 2015 and continued gourde depreciation as the main factors behind July price growth.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, July 2015, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0715.pdf