Monthly Inflation Note, March 2018
Summary: The Bank of the Republic of Haiti's monthly note on inflation for March 2018. 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 to 12.9 percent in March 2018, 30 basis points below February, while monthly inflation stayed at 1 percent.
- Food, beverages and tobacco drove 59.77 percent of monthly inflation, rising from 50.68 percent one month earlier.
- Local-product monthly inflation fell from 1.3 percent to 0.9 percent, while imported-product monthly inflation rose from 0.8 percent to 1.1 percent.
- The note links monthly price growth to higher monetary financing, private transfers and private credit.
- BRH projected annual inflation to decline to 12.7 percent in April and 12 percent in May, before rising to 12.5 percent in June 2018.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, March 2018, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0318.pdf