Monthly Inflation Note, December 2022
Summary: The Bank of the Republic of Haiti's monthly note on inflation for December 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 295.8 in December 2022, up from 287.4 in November and 199.5 in December 2021.
- Monthly inflation slowed by 60 basis points to 2.9 percent, while annual inflation rose by 2.8 percentage points to 48.3 percent.
- Cumulative monthly inflation in the first quarter of FY2022-2023 reached 17.4 percent, compared with 10.3 percent one year earlier.
- The monthly slowdown was driven mainly by transport, whose growth fell to 0.7 percent after a 75.6 percentage point decline.
- Annual inflation rose for most functions, with food and transport together contributing 69.53 percent of annual inflation.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, December 2022, https://www.brh.ht/wp-content/uploads/Note_inflation_decembre.pdf