Monthly Inflation Note, January 2023
Summary: The Bank of the Republic of Haiti's monthly note on inflation for January 2023. 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 299.7 in January 2023, compared with 295.8 in December 2022 and 200.8 in January 2022.
- Monthly inflation slowed to 1.3 percent, 1.6 percentage points below December, while annual inflation rose to 49.3 percent.
- Cumulative monthly inflation from October 2022 to January 2023 reached 18.7 percent, compared with 10.9 percent one year earlier.
- The monthly slowdown was led by food and non-alcoholic beverages, whose monthly growth fell to 1.4 percent and contributed 51.06 percent of monthly inflation.
- Imported-product inflation reached 61.5 percent, while domestic-product inflation reached 41.8 percent.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, January 2023, https://www.brh.ht/wp-content/uploads/Note_mensuelle_dinflation_Janvier-2023.pdf