Monthly Inflation Note, June 2016
Summary: The Bank of the Republic of Haiti's monthly note on inflation for June 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 June 2016 BRH inflation note reports lower annual inflation because of a base effect but renewed monthly acceleration.
- Annual inflation fell to 13.9 percent from 15.1 percent, while monthly inflation rose to 0.9 percent.
- Cumulative inflation over three quarters of FY2015-2016 remained above the same period of the previous fiscal year.
- Headline inflation stayed above core inflation for an eighth consecutive month.
- Local and imported-product monthly inflation both accelerated, while their annual rates declined.
- BRH attributes the June increase to continued gourde depreciation and higher international food prices.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, June 2016, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0616.pdf