Monthly Inflation Note, August 2019
Summary: The Bank of the Republic of Haiti's monthly note on inflation for August 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 125.5 in August 2019, with monthly inflation at 1.6 percent.
- Annual inflation rose from 19.1 percent to 19.5 percent, the highest rate recorded since October 2008.
- Leisure, restaurants, clothing and alcoholic beverages increased their combined contribution to monthly inflation from 14.01 percent to 20.39 percent.
- Local-product inflation rose to 1.6 percent monthly and 19.2 percent annually, while imported-product monthly inflation eased to 1.5 percent and annual imported-product inflation stayed at 20.2 percent.
- BRH linked monthly inflation to supply disruptions and shocks.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, August 2019, https://www.brh.ht/wp-content/uploads/note_inflat0819.pdf