Monthly Inflation Note, October 2018
Summary: The Bank of the Republic of Haiti's monthly note on inflation for October 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
- The October 2018 note introduced the new CPI base, set at 100 for FY2017-2018.
- Monthly inflation rose by 10 basis points from 1.4 percent in September to 1.5 percent in October 2018.
- Annual inflation was estimated at 14.3 percent in October 2018, compared with 13.2 percent in September 2018 and 10.7 percent in October 2017.
- Food and non-alcoholic beverages were the main monthly driver, rising 2.1 percent and contributing 69.02 percent of monthly inflation.
- BRH linked inflation to gourde depreciation, imported-product prices and limited real GDP growth of about 1.5 percent for FY2017-2018.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, October 2018, https://www.brh.ht/wp-content/uploads/note_inflat1018.pdf