Monthly Inflation Note, December 2021
Summary: The Bank of the Republic of Haiti's monthly note on inflation for December 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
- Monthly inflation slowed sharply in December 2021, falling from 4.7 percent in November to 1 percent, while annual inflation edged up to 24.7 percent.
- Cumulative monthly inflation over the first three months of FY2021-2022 was 10.3 percent, compared with 0.3 percent one year earlier.
- Transport was the main monthly driver, rising 16.1 percent and contributing 87.81 percent of monthly inflation.
- Food, alcoholic beverages and household goods posted monthly declines after large November increases.
- Imported-product annual inflation rose to 33.7 percent, while local-product inflation slowed to 19.7 percent.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, December 2021, https://www.brh.ht/wp-content/uploads/Note-inflation-Deecembre-2021.pdf