Monthly Inflation Note, February 2016
Summary: The Bank of the Republic of Haiti's monthly note on inflation for February 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 February 2016 BRH inflation note reports that annual inflation kept rising and reached its highest level since October 2008.
- Annual inflation rose to 14.4 percent, while monthly inflation accelerated to 1.3 percent.
- Cumulative inflation over the first five months of FY2015-2016 was more than double the comparable previous-year level.
- Headline inflation stayed above core inflation for a fourth consecutive month, suggesting volatile-price products helped drive CPI growth.
- Imported-product prices rose faster than local-product prices in both monthly and annual terms.
- BRH attributes the increase mainly to weak agricultural production linked to climate shocks and continuing gourde depreciation.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, February 2016, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0216.pdf