Monthly Inflation Note, March 2019
Summary: The Bank of the Republic of Haiti's monthly note on inflation for March 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 slowed in March 2019, with annual inflation falling from 17 percent to 16.8 percent and monthly inflation dropping to 0.7 percent.
- The monthly rate was the lowest since February 2018.
- Food and non-alcoholic beverages and household goods together contributed 71.12 percent of monthly inflation.
- Annual local-product inflation slipped from 15.9 percent to 15.8 percent, and imported-product inflation fell from 19 percent to 18.7 percent.
- BRH attributed the slowdown to a decline in monetary financing and relative exchange-rate stability.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, March 2019, https://www.brh.ht/wp-content/uploads/note_inflat0319.pdf