Monthly Inflation Note, May 2024
Summary: The Bank of the Republic of Haiti's monthly note on inflation for May 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 slowed by 1 percentage point to 1.7 percent in May 2024, while annual inflation rose from 27.3 percent to 28.3 percent.
- Cumulative monthly inflation from October 2023 to May 2024 reached 22.7 percent, compared with 26.2 percent one year earlier.
- Monthly easing reflected slower price growth in most consumption divisions, including food, clothing, education, restaurants and health.
- Food and housing together contributed 80.60 percent of monthly inflation and 85.03 percent of annual inflation.
- BRH linked the slowdown to favorable public-finance conditions and a relative improvement in the security climate.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, May 2024, https://www.brh.ht/wp-content/uploads/note-mensuelle-inflation-mai-24.pdf