Monthly Inflation Note, July 2020
Summary: The Bank of the Republic of Haiti's monthly note on inflation for July 2020. 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
- Monthly inflation slowed to 2.4 percent in July 2020, about 60 basis points below the 3 percent rate recorded in June 2020.
- Annual inflation reached 25.7 percent, with the general index rising from 123.5 in July 2019 to 155.3 in July 2020.
- Food and non-alcoholic beverages, clothing and health recorded the strongest annual increases among consumption functions.
- Food and non-alcoholic beverages contributed 60.24 percent of monthly inflation and 59.83 percent of annual inflation.
- BRH noted continued exchange-rate pressure, with the average banking and informal-market exchange rate up about 25.1 percent between October 2019 and July 2020.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, July 2020, https://www.brh.ht/wp-content/uploads/note_inflat0720.pdf