Monthly Inflation Note, April 2017
Summary: The Bank of the Republic of Haiti's monthly note on inflation for April 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 April 2017 BRH inflation note reports monthly disinflation but higher annual inflation because of a base effect.
- CPI rose to 301.5 in April 2017 from 298.3 in March and 263.1 in April 2016.
- Monthly inflation was 1.1 percent and annual inflation was 14.6 percent.
- Cumulative monthly inflation from October 2016 to April 2017 exceeded the comparable FY2015-2016 period, and the monthly average remained above partner-country averages.
- Most consumption functions slowed month to month, but food, recreation-education-culture and health increased.
- Food, beverages and tobacco accounted for more than half of monthly and annual inflation contributions, while other goods and services contributed much less than in March.
- The three-month forecast projected higher monthly and annual inflation in May and June before a decline in July 2017.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, April 2017, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0417.pdf