Monthly Inflation Note, October 2016
Summary: The Bank of the Republic of Haiti's monthly note on inflation for October 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 October 2016 BRH inflation note reports a jump in monthly and annual inflation at the start of FY2016-2017.
- Annual inflation rose to 13.3 percent after 12.5 percent at the end of FY2015-2016, while monthly inflation reached 1.8 percent.
- Food and rent-energy-water were the main contributors to monthly inflation.
- Local and imported-product prices both rose, with local annual inflation slightly above imported annual inflation.
- Core inflation rose but stayed below headline monthly inflation for the first time since June 2016, pointing to volatile prices.
- BRH links the increase to Hurricane Matthew's damage to food supply, higher international food prices and continuing gourde depreciation.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, October 2016, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat1016.pdf