Monthly Inflation Note, October 2017
Summary: The Bank of the Republic of Haiti's monthly note on inflation for October 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
- Annual inflation slowed from 15.4 percent in September to 14.4 percent in October 2017, while monthly inflation fell from 1.1 percent to 0.9 percent.
- Monthly food inflation stayed at 0.9 percent, and leisure, education and culture inflation fell from 7.7 percent to 0.1 percent after the school-opening effect faded.
- The health component was an exception to the annual slowdown, rising to 16.9 percent from 12.8 percent one month earlier.
- Local-product annual inflation fell by 1 percentage point to 15 percent, and imported-product annual inflation also fell by 1 percentage point to 12.3 percent.
- BRH projected monthly inflation of 0.7 percent in November and December 2017 and 0.8 percent in January 2018.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, October 2017, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat1017.pdf