Monthly Inflation Note, November 2018
Summary: The Bank of the Republic of Haiti's monthly note on inflation for November 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 CPI reached 109.6 in November 2018, up from 108.1 one month earlier, implying monthly inflation of 1.4 percent.
- Annual CPI growth was 14.5 percent, close to October's levels of 1.5 percent monthly and 14.4 percent annually.
- Average monthly inflation for the first two months of the fiscal year was 1.4 percent, above the Dominican Republic and United States figures cited by BRH.
- Food and non-alcoholic beverages contributed 55.84 percent of monthly inflation, down from 69.02 percent in October.
- BRH linked November inflation to gourde depreciation, with the exchange rate averaging 73.46 gourdes per US dollar.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, November 2018, https://www.brh.ht/wp-content/uploads/note_inflat1118.pdf