Monthly Inflation Note, June 2018
Summary: The Bank of the Republic of Haiti's monthly note on inflation for June 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
- Inflation was 1.3 percent month on month and 13 percent year on year in June 2018.
- Cumulative monthly inflation from October 2017 to June 2018 reached 9.2 percent, compared with 11.3 percent in the same period of FY2016-2017.
- Food, beverages and tobacco contributed 55.95 percent of monthly inflation, up from 54.12 percent in May.
- Imported-product inflation rose to 1.2 percent monthly and 10.3 percent annually, while local-product annual inflation reached 13.9 percent.
- BRH attributes monthly inflation mainly to gourde depreciation, with the exchange rate at 66.46 gourdes per US dollar in June 2018.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, June 2018, https://www.brh.ht/wp-content/uploads/2018/08/note_inflat0618.pdf