Monthly Inflation Note, January 2024
Summary: The Bank of the Republic of Haiti's monthly note on inflation for January 2024. 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 362.5 in January 2024, up 1.1 percent from December 2023 and 20.9 percent from January 2023.
- Cumulative monthly inflation from October 2023 to January 2024 reached 9.6 percent, compared with 18.7 percent one year earlier.
- Most consumption divisions slowed month on month, except housing and utilities.
- Food and non-alcoholic beverages contributed 73.92 percent of monthly inflation and 67.76 percent of annual inflation.
- BRH linked the slowdown to lower world food prices, public-finance restraint and exchange-rate stabilization.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, January 2024, https://www.brh.ht/wp-content/uploads/Note-mensuelle-dinflation-Janvier-2024.pdf