Monthly Inflation Note, December 2016
Summary: The Bank of the Republic of Haiti's monthly note on inflation for December 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 December 2016 BRH inflation note reports stronger annual inflation after Hurricane Matthew but slower monthly inflation.
- Annual CPI inflation rose to 14.3 percent, while monthly inflation slowed to 1.2 percent.
- Monthly inflation remained elevated relative to partner-country averages and the first-quarter cumulative rate exceeded the prior fiscal year.
- Food remained the dominant contributor, but rent-energy-water contributed a much larger share of monthly inflation than in normal periods.
- Imported-product inflation slowed, while local-product inflation accelerated after Matthew's damage to crops in the South.
- BRH attributes the monthly slowdown mainly to a lower pace of gourde depreciation.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, December 2016, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat1216.pdf