Monthly Inflation Note, July 2023
Summary: The Bank of the Republic of Haiti's monthly note on inflation for July 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 317.9 in July 2023, compared with 317.1 in June 2023 and 227.5 in July 2022.
- Monthly inflation slowed to 0.3 percent, while annual inflation fell by 4.1 percentage points to 39.7 percent.
- Cumulative monthly inflation from October 2022 to July 2023 reached 24.7 percent, compared with 23.6 percent one year earlier.
- Annual inflation slowed across most consumption divisions, while housing and utilities rose 44.4 percent and education rose 11.3 percent.
- BRH noted lower monetary financing and continued exchange-rate easing, with the end-period exchange rate at 136.3947 gourdes per U.S. dollar.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, July 2023, https://www.brh.ht/wp-content/uploads/Note-mensuelle-dinflation_juillet-2023-version-finale1.pdf