Monthly Inflation Note, December 2020
Summary: The Bank of the Republic of Haiti's monthly note on inflation for December 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 accelerated in December 2020 to 1 percent from 0.5 percent one month earlier, while annual inflation continued its decline to 19.2 percent.
- Cumulative monthly inflation in the first quarter of FY2020-2021 was 0.3 percent, compared with 5.2 percent in the same period of the prior fiscal year.
- Health, food, household goods, housing utilities and education recorded the strongest monthly increases.
- Food and non-alcoholic beverages contributed 55.93 percent of monthly inflation and 59.75 percent of annual inflation.
- BRH linked the monthly increase to gourde depreciation, private transfers, private credit, monetary financing and currency in circulation.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, December 2020, https://www.brh.ht/wp-content/uploads/note_inflat1220.pdf