Monthly Inflation Note, January 2019
Summary: The Bank of the Republic of Haiti's monthly note on inflation for January 2019. 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
- Inflation accelerated in January 2019, with monthly inflation rising from 1.5 percent in December to 1.6 percent and annual inflation rising from 15.1 percent to 15.5 percent.
- Health, household goods and food recorded the fastest monthly price increases among major consumption functions.
- Food and non-alcoholic beverages contributed 58.17 percent of monthly inflation and 56.41 percent of annual inflation.
- Annual local-product inflation rose from 14.3 percent to 15.2 percent, while imported-product inflation rose from 17.3 percent to 18.2 percent.
- BRH attributed the monthly pressure to monetary financing of the budget deficit and gourde depreciation.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, January 2019, https://www.brh.ht/wp-content/uploads/note_inflat0119-1.pdf