Monthly Inflation Note, October 2022
Summary: The Bank of the Republic of Haiti's monthly note on inflation for October 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 277.7 in October 2022, up from 250.2 in September and 188.7 in October 2021.
- Monthly inflation rose to 11 percent, 4.5 percentage points above September, while annual inflation reached 47.2 percent, its highest level since September 1994.
- Food and non-alcoholic beverages rose 12.3 percent and contributed 56.55 percent of monthly inflation.
- Annual imported-product inflation rose to 61 percent, while domestic-product inflation rose from 30.9 percent to 39 percent.
- BRH attributed the monthly acceleration to several factors including disruption to the operating environment and production costs.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, October 2022, https://www.brh.ht/wp-content/uploads/Note-mensuelle-dinflation-Octobre-2022-F.pdf