Monthly Inflation Note, August 2023
Summary: The Bank of the Republic of Haiti's monthly note on inflation for August 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 322.4 in August 2023, compared with 317.9 in July 2023 and 234.9 one year earlier.
- Annual inflation slowed by 2.5 percentage points to 37.2 percent, continuing the deceleration that began in February 2023.
- Monthly inflation rose to 1.4 percent, while cumulative monthly inflation from October 2022 to August 2023 reached 26.1 percent.
- Food and non-alcoholic beverages contributed 68.45 percent of monthly inflation and 44.87 percent of annual inflation.
- BRH linked the month to weaker food supply, road-access problems and imported-food costs despite lower world commodity prices.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, August 2023, https://www.brh.ht/wp-content/uploads/Note-dinflation-aout-2023_version-finale1.pdf