Monthly Inflation Note, May 2018
Summary: The Bank of the Republic of Haiti's monthly note on inflation for May 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
- Monthly inflation rose to 1.3 percent in May 2018 from 1.2 percent in April, while annual inflation slowed to 12.7 percent.
- BRH notes that monthly inflation averaged about 1 percent from October 2017 to May 2018, above the Dominican Republic and United States averages.
- Imported-product monthly inflation rose by 10 basis points to 1.3 percent, while local-product annual inflation fell by 90 basis points to 10.9 percent.
- BRH attributes the monthly increase to higher world food prices and domestic demand, along with depreciation of the gourde.
- BRH projected annual inflation at 13 percent in June and 13.5 percent in July and August 2018.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, May 2018, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0518.pdf