Monthly Inflation Note, May 2017
Summary: The Bank of the Republic of Haiti's monthly note on inflation for May 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 consumer price index reached 306 in May 2017, compared with 301.5 in April 2017 and 264.9 in May 2016.
- Annual inflation rose to 15.5 percent from 14.6 percent one month earlier, while monthly inflation rose to 1.5 percent, 40 basis points above April.
- Transport and rent-energy-water were the main drivers of the monthly increase, with transport prices rising 4.7 percent after public-transport fares increased following the fuel-price adjustment.
- Transport contributed 39.01 percent to monthly inflation, compared with 1.60 percent one month earlier, while food, beverages and tobacco contributed 32.46 percent.
- Imported-product inflation reached 14.9 percent year-on-year and 1.8 percent month-on-month, while local-product inflation reached 15.5 percent year-on-year and 1.1 percent month-on-month.
- Core inflation was 15.25 percent year-on-year and 1.17 percent month-on-month, remaining below headline monthly inflation.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, May 2017, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0517.pdf