Monthly Inflation Note, October 2023
Summary: The Bank of the Republic of Haiti's monthly note on inflation for October 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 341.1 in October 2023, compared with 329.9 in September 2023 and 277.7 in October 2022.
- Monthly inflation accelerated to 3.4 percent, while annual inflation slowed from 31.9 percent to 22.8 percent.
- Food and non-alcoholic beverages rose 4.8 percent month on month and, together with housing and utilities, dominated the monthly and annual contributions.
- Imported-product annual inflation slowed to 22.7 percent and local-product annual inflation slowed to 23.1 percent.
- BRH attributed the monthly increase to weak agricultural performance and supply difficulties in local markets.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, October 2023, https://www.brh.ht/wp-content/uploads/Note-infaltion-octobre-2023.pdf