Monthly Inflation Note, March 2024
Summary: The Bank of the Republic of Haiti's monthly note on inflation for March 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
- Monthly inflation rose sharply to 4.7 percent in March 2024, and annual inflation reached 26.7 percent.
- The monthly rate was 1.7 percentage points above February and the annual rate was 3.7 percentage points higher.
- Cumulative monthly inflation in the first six months of FY2023-2024 reached 18.61 percent, below 23.42 percent one year earlier.
- Food and non-alcoholic beverages rose 6.4 percent and contributed 70.60 percent of monthly inflation.
- BRH linked the acceleration to production and commercialization disruptions, port and airport closures, fuel scarcity and higher international petroleum prices.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, March 2024, https://www.brh.ht/wp-content/uploads/Note-mensuelle-d-inflation-mars-2024.pdf