Monthly Inflation Note, August 2022
Summary: The Bank of the Republic of Haiti's monthly note on inflation for August 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 234.9 in August 2022, compared with 227.5 in July 2022 and 177.9 in August 2021.
- Annual inflation rose by 1.5 percentage points to 32 percent, while monthly inflation remained at 3.2 percent.
- Cumulative monthly inflation from October 2021 to August 2022 reached 26.8 percent, compared with 6.8 percent one fiscal year earlier.
- Food and non-alcoholic beverages contributed 61.28 percent of monthly inflation and 54.08 percent of annual inflation.
- BRH linked monthly inflation to weak spring-campaign agricultural output, informal-market pressures, goods circulation problems and a 6.79 percent rise in the reference exchange rate.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, August 2022, https://www.brh.ht/wp-content/uploads/Note-mensuelle-dinflation_aout2022.pdf