Monthly Inflation Note, August 2017
Summary: The Bank of the Republic of Haiti's monthly note on inflation for August 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 August 2017 BRH inflation note reports stable annual inflation and a second consecutive monthly slowdown.
- Annual inflation remained at 15.6 percent, while monthly inflation slowed to 0.9 percent.
- Inflation pressure over October 2016 to August 2017 remained higher than in the same period of the previous fiscal year.
- Monthly slowing came from deceleration in clothing, rent-energy-water, transport and housing maintenance.
- Food kept the largest monthly contribution because of its basket weight, even though overall monthly inflation slowed.
- BRH links the slowdown to improved supply of local food products and stable imported-food prices supported by a relatively stable exchange rate.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, August 2017, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0817.pdf