Monthly Inflation Note, December 2018
Summary: The Bank of the Republic of Haiti's monthly note on inflation for December 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 111.2 in December 2018, up from 109.6 in November and 96.6 in December 2017.
- Monthly inflation rose by 10 basis points to 1.5 percent, while annual inflation rose from 14.5 percent in November to 15.1 percent.
- Food and non-alcoholic beverages contributed more than 50 percent of both monthly and annual inflation.
- Imported-product inflation increased to 17.3 percent, up 70 basis points from the previous month, while local-product inflation rose from 13.8 percent to 14.3 percent.
- BRH linked price pressures to gourde depreciation and monetary advances tied to the budget deficit.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, December 2018, https://www.brh.ht/wp-content/uploads/note_inflat1218-1.pdf