Monthly Inflation Note, January 2021
Summary: The Bank of the Republic of Haiti's monthly note on inflation for January 2021. 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 161.9 in January 2021, compared with 160.1 in December 2020 and 136.4 in January 2020.
- Monthly inflation rose by 20 basis points to 1.2 percent, while annual inflation slowed from 19.2 percent to 18.7 percent.
- Cumulative monthly inflation over the first four months of the fiscal year was 1.5 percent, compared with 6.8 percent one year earlier.
- Health, food and clothing drove monthly inflation, together contributing 70.29 percent to the rise in the general price level.
- BRH attributed monthly inflation mainly to gourde depreciation and higher basic commodity prices on the international market.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, January 2021, https://www.brh.ht/wp-content/uploads/note_inflat0121.pdf