Monthly Inflation Note, November 2021
Summary: The Bank of the Republic of Haiti's monthly note on inflation for November 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 197.5 in November 2021, up from 188.7 in October and 158.5 in November 2020.
- Monthly inflation rose to 4.7 percent, 10 basis points above October, while annual inflation climbed by 4.9 percentage points to 24.6 percent.
- Cumulative monthly inflation over the first two months of FY2021-2022 reached 9.3 percent, compared with -0.7 percent one year earlier.
- Food and non-alcoholic beverages rose 5.9 percent and contributed 64.62 percent of monthly inflation.
- Imported-product inflation reached 32.3 percent, 6.2 percentage points above the prior month, while domestic-product inflation rose from 16.2 percent to 20.4 percent.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, November 2021, https://www.brh.ht/wp-content/uploads/note-inflation-novembre-2021.pdf