Monthly Inflation Note, April 2016
Summary: The Bank of the Republic of Haiti's monthly note on inflation for April 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 April 2016 BRH inflation note reports annual inflation at its highest level since October 2008 but lower monthly inflation.
- Annual inflation reached 15.2 percent, while monthly inflation slowed to 0.8 percent.
- Cumulative monthly inflation over the first seven months of FY2016 was more than double the comparable FY2015 level.
- Food inflation stagnated month to month, and several major consumption functions decelerated.
- Headline inflation remained above core inflation for a fifth consecutive month, pointing to volatile-price components.
- BRH attributes the monthly slowdown to easing food-supply effects from drought and relative exchange-rate stability.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, April 2016, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0416.pdf