Monthly Inflation Note, October 2021
Summary: The Bank of the Republic of Haiti's monthly note on inflation for October 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
- Inflation surged in October 2021, with monthly inflation reaching 4.6 percent, 3.2 percentage points above September and higher than the March 2008 shock value cited by BRH.
- Annual inflation rose by 6.6 percentage points to 19.7 percent.
- Food, alcoholic beverages, clothing, housing utilities and household goods contributed 87.84 percent of monthly inflation.
- Imported-product inflation rose from 17.1 percent in September to 26.1 percent in October, while local-product inflation rose to 16.2 percent.
- BRH linked the monthly surge to basic-goods price increases and rising commodity prices.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, October 2021, https://www.brh.ht/wp-content/uploads/note-inflation-octobre-2021.pdf