Monthly Inflation Note, July 2021
Summary: The Bank of the Republic of Haiti's monthly note on inflation for July 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 174.3 in July 2021, compared with 170.8 in June 2021 and 155.3 in July 2020.
- Monthly inflation rose to 2 percent, while annual inflation continued to slow to 12.3 percent.
- Cumulative monthly inflation over the first ten months of the fiscal year was 8.9 percent, compared with 19.9 percent in the same period of FY2019-2020.
- Food, health, restaurants and miscellaneous goods and services were key monthly drivers.
- Local-product annual inflation slowed to 10.8 percent, while imported-product annual inflation rose to 14.9 percent.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, July 2021, https://www.brh.ht/wp-content/uploads/Note-mensuelle-dinflation-Juillet-2021.pdf