Monthly Inflation Note, March 2023
Summary: The Bank of the Republic of Haiti's monthly note on inflation for March 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 308.8 in March 2023, compared with 303.6 in February 2023 and 208.3 in March 2022.
- Monthly inflation rose to 1.7 percent, while annual inflation edged up to 48.3 percent.
- Cumulative monthly inflation in the first semester of FY2022-2023 reached 21.7 percent, compared with 14.6 percent one year earlier.
- Food, housing and communications accounted for 78.02 percent of monthly inflation and 59.63 percent of annual inflation.
- BRH linked price pressures to security conditions and exchange-rate tensions, with the reference rate rising 4.3 percent month on month.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, March 2023, https://www.brh.ht/wp-content/uploads/Note_mensuelle_d_inflation_Mars_2023.pdf