Monthly Inflation Note, May 2016
Summary: The Bank of the Republic of Haiti's monthly note on inflation for May 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 May 2016 BRH inflation note reports a reflux of inflation pressure in both monthly and annual terms.
- Annual inflation eased to 15.1 percent from 15.2 percent, while monthly inflation declined to 0.7 percent.
- Despite the monthly slowdown, cumulative inflation over the first eight months of FY2016 was well above the comparable FY2015 level.
- Most consumption functions decelerated month to month, while food and housing maintenance were unchanged and recreation-education-culture increased.
- Imported and local-product inflation both slowed in monthly and annual terms.
- BRH links the monthly slowdown to lower partner-country inflation, stable exchange-rate depreciation and a retreat in monetary financing.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, May 2016, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0516.pdf