Monthly Inflation Note, May 2021
Summary: The Bank of the Republic of Haiti's monthly note on inflation for May 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 168.7 in May 2021, up from 167 in April 2021 and 147.3 in May 2020.
- Monthly inflation rose by 10 basis points to 1 percent, while annual inflation continued its decline from 16 percent to 14.5 percent.
- Cumulative monthly inflation from October 2020 to May 2021 was 5.6 percent, compared with 14.6 percent in the same period of FY2019-2020.
- Food, alcoholic beverages, housing utilities and household goods contributed 85.65 percent of monthly inflation.
- BRH linked monthly price growth to higher food and fuel prices, gourde depreciation, foreign-exchange interventions and private transfers.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, May 2021, https://www.brh.ht/wp-content/uploads/Note-dinflation-_Mai-2021.pdf