Monthly Inflation Note, February 2022
Summary: The Bank of the Republic of Haiti's monthly note on inflation for February 2022. 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 204.9 in February 2022, up from 200.8 in January 2022 and 163.7 one year earlier.
- Monthly inflation rose to 2.1 percent, 150 basis points above January, while annual inflation accelerated by 1.2 percentage points to 25.2 percent.
- Cumulative monthly inflation from October 2021 to February 2022 was 13 percent, compared with 2.6 percent one year earlier.
- Transport was a major monthly driver, rising 6.3 percent and contributing 26.71 percent of monthly inflation.
- Imported-product inflation reached 34.2 percent, more than 14 percentage points above local-product inflation.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, February 2022, https://www.brh.ht/wp-content/uploads/Note-mensuelle-inflation-Fevrier-2022.pdf