Monthly Inflation Note, August 2018
Summary: The Bank of the Republic of Haiti's monthly note on inflation for August 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 rose from 13.6 percent in July to 14.1 percent in August 2018, the highest annual rate since October 2017.
- Monthly inflation eased from 1.5 percent in July to 1.4 percent in August.
- Food, beverages and tobacco remained the main monthly contributor, with its contribution slipping from 56.23 percent to 55.40 percent between July and August.
- Imported-product monthly inflation fell to 1.2 percent, while local-product monthly inflation reached 1.4 percent.
- BRH linked the still-high inflation rate to food prices and gourde depreciation, with the exchange rate at 68.42 gourdes per US dollar.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, August 2018, https://www.brh.ht/wp-content/uploads/note_inflat0818.pdf