Monthly Inflation Note, September 2021
Summary: The Bank of the Republic of Haiti's monthly note on inflation for September 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 180.4 in September 2021, compared with 177.9 in August 2021 and 159.6 in September 2020.
- Monthly inflation slowed from 2.1 percent to 1.4 percent, while annual inflation reversed its declining trend and rose by 2.2 percentage points to 13.1 percent.
- Average monthly inflation for FY2020-2021 was 1.1 percent, and cumulative monthly inflation was 12.4 percent against 22.7 percent one fiscal year earlier.
- Food contributed 44.48 percent of monthly inflation and 56.59 percent of annual inflation.
- BRH linked the monthly slowdown to slower exchange-rate depreciation and improved road access in the Grand Sud departments.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, September 2021, https://www.brh.ht/wp-content/uploads/Note-inflation-Septembre-2021.pdf