Monthly Inflation Note, May 2022
Summary: The Bank of the Republic of Haiti's monthly note on inflation for May 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 215.6 in May 2022, compared with 211.6 in April and 168 one year earlier.
- Monthly inflation rose from 1.6 percent to 1.9 percent, and annual inflation rose from 26.7 percent to 27.8 percent.
- Cumulative monthly inflation from October 2021 to May 2022 reached 18.1 percent, compared with 5.6 percent in October-May 2021.
- Most consumption divisions accelerated, while education remained unchanged.
- Imported-product inflation reached 40 percent, while local-product inflation rose to 21 percent.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, May 2022, https://www.brh.ht/wp-content/uploads/Note-inflation-mai-2022.pdf