Monthly Inflation Note, August 2021
Summary: The Bank of the Republic of Haiti's monthly note on inflation for August 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 177.9 in August 2021, up from 174.3 in July 2021 and 160.4 in August 2020.
- Monthly inflation rose to 2.1 percent, while annual inflation fell by 1.4 percentage points to 10.9 percent because of a base effect.
- Cumulative monthly inflation over the first eleven months of FY2020-2021 was 10.9 percent.
- Restaurants, miscellaneous goods and services, household goods, housing utilities and clothing drove the monthly increase.
- Annual local-product inflation slowed to 9.3 percent and imported-product inflation slowed to 13.8 percent.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, August 2021, https://www.brh.ht/wp-content/uploads/Note-mensuelle-inflation-Aout-2021.pdf