Monthly Inflation Note, February 2019
Summary: The Bank of the Republic of Haiti's monthly note on inflation for February 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
- The CPI reached 114.9 in February 2019, with monthly inflation of 1.7 percent and annual inflation of 17 percent.
- Annual inflation reached its highest level since November 2008, when it was 19.1 percent.
- Food and non-alcoholic beverages remained the largest contributor, accounting for 56.89 percent of monthly inflation and 56.82 percent of annual inflation.
- Local-product annual inflation rose from 15.2 percent to 15.9 percent, while imported-product annual inflation reached 19 percent.
- BRH linked inflation to monetary factors, higher imported food prices and a 5.18 percent depreciation of the gourde.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, February 2019, https://www.brh.ht/wp-content/uploads/note_inflat0219.pdf