Monthly Inflation Note, January 2016
Summary: The Bank of the Republic of Haiti's monthly note on inflation for January 2016. 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 January 2016 BRH inflation note reports that annual inflation continued the upward trend that began in May 2015.
- Annual inflation reached 13.3 percent, while monthly inflation held at 1.1 percent.
- Between May 2015 and January 2016, the annual inflation rate doubled.
- Cumulative monthly inflation over the first four months of FY2015-2016 was higher than the comparable previous-year level.
- Food, beverages and tobacco and clothing-footwear were the main monthly contributors to CPI growth.
- BRH identifies weak agricultural production and continued gourde depreciation as the main factors behind the January inflation increase.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, January 2016, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0116.pdf