Monthly Inflation Note, February 2024
Summary: The Bank of the Republic of Haiti's monthly note on inflation for February 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 373.6 in February 2024 and inflation rose both month on month and year on year.
- Monthly inflation increased by 2 percentage points to 3.1 percent, while annual inflation rose to 23 percent.
- Cumulative inflation from October 2023 to February 2024 reached 12.6 percent, compared with 20 percent one year earlier.
- Food and non-alcoholic beverages rose 4 percent month on month and contributed 68.72 percent of monthly inflation.
- BRH attributed the acceleration mainly to security conditions, weaker domestic production and blocked routes that constrained market supply.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, February 2024, https://www.brh.ht/wp-content/uploads/Note-mensuelle-dinflation-fevrier-2024.pdf