Monthly Inflation Note, June 2019
Summary: The Bank of the Republic of Haiti's monthly note on inflation for June 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 121.6 in June 2019, up from 119.4 in May 2019 and 102.5 in June 2018.
- Annual inflation rose by 60 basis points to 18.6 percent, while monthly inflation rose by 40 basis points to 1.8 percent, the highest level since the start of the fiscal year.
- Housing-related goods and services made a larger monthly contribution, with household goods and housing utilities contributing 22.58 percent against 10.80 percent one month earlier.
- Imported-product annual inflation was 20 percent, above local-product inflation of 18 percent.
- BRH linked monthly inflation to exchange-rate depreciation, including a 12.54 percent rise in the reference exchange rate over the prior three months.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, June 2019, https://www.brh.ht/wp-content/uploads/note_inflat0619.pdf