Monthly Inflation Note, July 2016
Summary: The Bank of the Republic of Haiti's monthly note on inflation for July 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 July 2016 BRH inflation note reports lower annual inflation but renewed monthly acceleration.
- Annual inflation fell to 12.9 percent from 13.9 percent in June, while monthly inflation rose to 1.1 percent.
- Average annual inflation over the first ten months of FY2015-2016 was roughly double the comparable FY2014-2015 rate.
- Food and rent-energy-water made the largest monthly contributions.
- Local and imported prices slowed in annual terms but accelerated month to month.
- BRH identifies gourde depreciation as the main factor behind the July monthly inflation increase, especially through dollar-linked rent and energy costs.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, July 2016, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0716.pdf