Monthly Inflation Note, April 2023
Summary: The Bank of the Republic of Haiti's monthly note on inflation for April 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 312.9 in April 2023, compared with 308.8 in March 2023 and 211.6 in April 2022.
- Monthly inflation slowed by 40 basis points to 1.3 percent, and annual inflation slowed to 47.9 percent.
- Cumulative monthly inflation from October 2022 to April 2023 reached 23.1 percent, compared with 16.2 percent one year earlier.
- Food and non-alcoholic beverages drove most of the monthly increase, contributing 61.96 percent, while housing and utilities accelerated to 2.7 percent.
- BRH associated the easing with lower international commodity prices, partner-country disinflation and a 1.52 percent fall in the reference exchange rate.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, April 2023, https://www.brh.ht/wp-content/uploads/Note_mensuelle_d_inflation-_Avril2023.pdf