Monthly Inflation Note, October 2015
Summary: The Bank of the Republic of Haiti's monthly note on inflation for October 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 October 2015 BRH inflation note reports annual inflation continuing the increase that began in May 2015.
- Annual inflation reached 11.7 percent, while monthly inflation slowed for a third consecutive month to 1.0 percent.
- Food, beverages and tobacco had the largest annual contribution and its annual growth was the highest since November 2008.
- The monthly slowdown came mainly from recreation, education and culture, while most other consumption functions accelerated.
- Local-product monthly inflation slowed but local annual inflation rose, and imported-product inflation increased in both monthly and annual terms.
- BRH links persistent pressures to the lagged effect of July gourde depreciation, weak agricultural production and higher international food prices.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, October 2015, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat1015.pdf