Monthly Inflation Note, November 2016
Summary: The Bank of the Republic of Haiti's monthly note on inflation for November 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 14.2 percent in November 2016, up from 13.3 percent in October and 12.5 percent in September.
- Monthly inflation decelerated from 1.8 percent in October to 1.5 percent in November, but the note says the monthly rate remained high because its annualized level exceeded 15 percent.
- Food, beverages and tobacco contributed 62.26 percent to monthly inflation, and rent-energy-water contributed 12.15 percent.
- The note links persistent inflationary pressure to lingering effects from plantation destruction in Sud and Grand'Anse, with the South region's monthly inflation at 2.1 percent.
- Local-product inflation slowed to 1.6 percent month-on-month but rose to 14.4 percent year-on-year, while imported-product inflation slowed to 1.1 percent month-on-month and rose to 13.3 percent year-on-year.
- Core inflation reached 13.63 percent year-on-year and slowed to 1.44 percent month-on-month, staying below headline monthly inflation.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, November 2016, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat1116.pdf