Monthly Inflation Note, September 2023
Summary: The Bank of the Republic of Haiti's monthly note on inflation for September 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 329.9 in September 2023, compared with 322.4 in August 2023 and 250.2 in September 2022.
- Monthly inflation rose by 90 basis points to 2.3 percent, while annual inflation slowed to 31.8 percent.
- Cumulative inflation over FY2022-2023 reached 28.4 percent, down from 33.3 percent one year earlier.
- Food and non-alcoholic beverages rose 3.4 percent month on month and contributed 73.26 percent of monthly inflation.
- BRH linked the acceleration to higher international commodity prices and the closure of the Haitian-Dominican border.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, September 2023, https://www.brh.ht/wp-content/uploads/Note-mensuelle-dinflation_-septembre-2023_-version-finale-2.pdf