Monthly Inflation Note, March 2021
Summary: The Bank of the Republic of Haiti's monthly note on inflation for March 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 165.5 in March 2021, up from 163.7 in February and 141.2 in March 2020.
- Monthly inflation stayed at 1.1 percent, while annual inflation fell by 70 basis points to 17.2 percent.
- Cumulative monthly inflation from October 2020 to March 2021 was 3.7 percent, compared with 10.3 percent in the same period of FY2019-2020.
- Imported-product inflation fell by 80 basis points to 17.5 percent, while local-product inflation fell to 16.9 percent.
- BRH linked continued monthly pressures to gourde depreciation and an increase in currency in circulation.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, March 2021, https://www.brh.ht/wp-content/uploads/note_inflat0321.pdf