Monthly Inflation Note, June 2023
Summary: The Bank of the Republic of Haiti's monthly note on inflation for June 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 317.1 in June 2023, compared with 315.7 in May 2023 and 220.4 in June 2022.
- Monthly inflation slowed by 50 basis points to 0.4 percent, while annual inflation fell to 43.9 percent.
- Cumulative monthly inflation from October 2022 to June 2023 reached 24.4 percent, compared with 20.3 percent one year earlier.
- Food and non-alcoholic beverages and housing utilities drove the monthly deceleration, while health, household goods and miscellaneous goods and services declined month on month.
- Imported-product annual inflation slowed to 48.2 percent after a 5.2 percentage point decline.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, June 2023, https://www.brh.ht/wp-content/uploads/Note-mensuelle-dinflation-Juin-2023-Last-version.pdf