Monthly Inflation Note, December 2023
Summary: The Bank of the Republic of Haiti's monthly note on inflation for December 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 358.6 in December 2023, compared with 351.1 in November 2023 and 295.8 in December 2022.
- Monthly inflation slowed by 80 basis points to 2.1 percent, and annual inflation slowed to 21.2 percent.
- Cumulative monthly inflation from October to December 2023 reached 8.4 percent, compared with 17.4 percent one year earlier.
- Food and non-alcoholic beverages contributed 74.88 percent of monthly inflation and 66.17 percent of annual inflation.
- BRH linked the slowdown to lower commodity prices, gourde appreciation and resumed commercial activity with the Dominican Republic.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, December 2023, https://www.brh.ht/wp-content/uploads/Note-mensuelle-dinflation-Decembre-2023.pdf