Monthly Inflation Note, November 2023
Summary: The Bank of the Republic of Haiti's monthly note on inflation for November 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 351.1 in November 2023, compared with 341.1 in October 2023 and 287.4 in November 2022.
- Annual inflation slowed by 60 basis points to 22.2 percent, and monthly inflation slowed from 3.4 percent to 2.9 percent.
- Cumulative monthly inflation in the first two months of FY2023-2024 reached 6.3 percent, compared with 14.5 percent one year earlier.
- Food and non-alcoholic beverages contributed 74.22 percent of monthly inflation and 64.95 percent of annual inflation.
- BRH linked the slowdown to lower world commodity prices and gourde appreciation.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, November 2023, https://www.brh.ht/wp-content/uploads/Note-inflation-novembre-2023.pdf