Monthly Inflation Note, July 2018
Summary: The Bank of the Republic of Haiti's monthly note on inflation for July 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 from 1.3 percent in June to 1.5 percent in July 2018, and annual inflation rose from 13 percent to 13.6 percent.
- Food, beverages and tobacco contributed 57.54 percent of monthly inflation, up from 55.92 percent in June.
- Local-product inflation rose to 1.5 percent monthly and 14.3 percent annually, while imported-product annual inflation rose to 10.9 percent.
- The note links July inflation to lower agricultural output, gourde depreciation, pessimistic expectations after the 6-7 July events, and weaker local supply.
- Imports rose from 381.54 million to 390.40 million US dollars, while exports fell to 87.19 million US dollars.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, July 2018, https://www.brh.ht/wp-content/uploads/note_inflat0718-1.pdf