Monthly Inflation Note, July 2017
Summary: The Bank of the Republic of Haiti's monthly note on inflation for July 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 July 2017 BRH inflation note reports slower monthly and annual inflation, but still higher fiscal-year pressure than the previous year.
- Annual inflation fell to 15.6 percent from 15.8 percent, while monthly inflation eased to 1.0 percent.
- Cumulative monthly inflation two months before fiscal-year end remained well above the same period of the prior fiscal year.
- Food remained the largest monthly contributor, while rent-energy-water and clothing also had substantial contributions.
- Local and imported-product inflation both decelerated in monthly and annual terms.
- BRH links the slowdown to a more stable exchange rate, reduced monetary financing and lower food-price pressure after a relatively good spring harvest.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, July 2017, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0717.pdf