Monthly Inflation Note, March 2017
Summary: The Bank of the Republic of Haiti's monthly note on inflation for March 2017. 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 March 2017 BRH inflation note reports acceleration in both monthly and annual inflation.
- CPI rose to 298.3 in March 2017, with monthly inflation of 1.2 percent and annual inflation of 14.3 percent.
- Average monthly inflation in the first six months of FY2016-2017 exceeded the comparable FY2015-2016 average.
- Food, beverages and tobacco remained the largest annual contributor, but its monthly contribution fell from the prior month while clothing and rent-energy-water contributed more.
- Imported-product annual inflation returned to 13 percent, while local-product inflation rose in monthly and annual terms.
- The note links monthly acceleration to delayed transmission of imported-product prices, higher propane prices and reduced millet production in the Central Plateau.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, March 2017, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0317.pdf