Monthly Inflation Note, September 2015
Summary: The Bank of the Republic of Haiti's monthly note on inflation for September 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
- Fiscal year 2015 ended with annual inflation of 11.3% in September, up 90 basis points from August.
- September was the second consecutive month with double-digit annual inflation since October 2011.
- Monthly inflation continued to decline, reaching 1.2% after 1.5% in August.
- Food, beverages and tobacco contributed 37.20% of monthly inflation and 57.84% of annual inflation.
- Imported-product inflation slowed by 80 basis points to 0.2% month on month and rose to 7.1% year on year, while local-product inflation was 1.7% month on month and 12.3% year on year.
- BRH attributed the monthly slowdown to the easing of sharp gourde depreciation after July 2015 and projected annual inflation of 11.4%, 11.2%, and 10.9% for the first three months of fiscal year 2016.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, September 2015, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0915.pdf