Monthly Inflation Note, March 2022
Summary: The Bank of the Republic of Haiti's monthly note on inflation for March 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
- Inflation reached 25.9 percent year on year in March 2022, up from 25.2 percent in February, while monthly inflation slowed by 50 basis points to 1.6 percent.
- Cumulative monthly inflation over the first six months of FY2021-2022 was 14.6 percent, compared with 3.7 percent one year earlier.
- The monthly slowdown came mainly from transport, housing utilities and clothing.
- Food and non-alcoholic beverages remained the largest monthly contributor at 59.53 percent.
- Imported-product inflation rose to 36.2 percent, while local-product inflation stayed at 20.2 percent.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, March 2022, https://www.brh.ht/wp-content/uploads/Note-inflation-Mars-2022.pdf