Monthly Inflation Note, September 2016
Summary: The Bank of the Republic of Haiti's monthly note on inflation for September 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
- Annual inflation reached 12.5 percent in September 2016, up from 12.4 percent one month earlier, while monthly inflation rose by 30 basis points to 1.3 percent.
- Average annual inflation for fiscal year 2015-2016 was 13.4 percent, 5.9 percentage points higher than one year earlier.
- Monthly inflation for the fiscal year accumulated to 11.9 percent, exceeding the 2015 level by 1.1 percentage points.
- The monthly increase was driven mainly by leisure, entertainment, education and culture, whose index rose 11.8 percent and contributed 54.22 percent to monthly inflation.
- The education-related increase reflected school fees up 19.5 percent and school bags up 4.1 percent during back-to-school demand.
- Local-product annual inflation slowed to 12.8 percent, imported-product annual inflation rose to 12.4 percent, and core inflation reached 12.15 percent year-on-year and 1.40 percent month-on-month.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, September 2016, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0916.pdf