Monthly Inflation Note, December 2017
Summary: The Bank of the Republic of Haiti's monthly note on inflation for December 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 13.7 percent to 13.3 percent in December 2017, the lowest level since October 2016.
- Monthly inflation fell by 10 basis points to 0.8 percent, the lowest level in 19 months.
- Monthly inflation in rent, energy and water fell to 0.3 percent, while housing maintenance inflation slowed from 1.1 percent to 0.7 percent.
- Imported-food supply increased, with food imports rising from 83.16 million to 102 million US dollars from October to November 2017.
- BRH projected annual inflation to reach 13.5 percent in January 2018 and then slow to 13.1 percent in February and 12.7 percent in March.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, December 2017, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat1217.pdf