Monthly Inflation Note, July 2022
Summary: The Bank of the Republic of Haiti's monthly note on inflation for July 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 227.5 in July 2022, up from 220.4 in June and 174.3 in July 2021.
- Monthly inflation accelerated to 3.2 percent, 100 basis points above June, while annual inflation rose by 1.5 percentage points to 30.5 percent.
- Cumulative monthly inflation from October 2021 to July 2022 reached 23.6 percent, compared with 8.9 percent one year earlier.
- Food and non-alcoholic beverages rose 3.9 percent and contributed 62 percent of monthly inflation.
- Imported-product inflation rose to 43.2 percent, while domestic-product inflation rose to 23.2 percent.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, July 2022, https://www.brh.ht/wp-content/uploads/Note-mensuelle-inflation-Juillet-2022.pdf