Monthly Inflation Note, June 2024
Summary: The Bank of the Republic of Haiti's monthly note on inflation for June 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 70 basis points to 1 percent in June 2024, while annual inflation rose to 28.9 percent.
- Cumulative monthly inflation over the first three quarters of FY2023-2024 reached 23.9 percent, below 26.7 percent one year earlier.
- Monthly easing reflected slower price growth in most consumption divisions, except communications.
- Food, housing and communications together contributed 91.46 percent of monthly inflation and 85 percent of annual inflation.
- BRH linked the slowdown to reduced social-disruption effects, relatively stable public finances and contained exchange-rate movement.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, June 2024, https://www.brh.ht/wp-content/uploads/note-mensuelle-inflation-juin-2024.pdf