Monthly Inflation Note, July 2024
Summary: The Bank of the Republic of Haiti's monthly note on inflation for July 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 by 10 basis points to 1.1 percent in July 2024, and annual inflation rose by 1.1 percentage points to 30 percent.
- Cumulative monthly inflation over the first ten months of FY2023-2024 reached 25.3 percent, below 27.1 percent one year earlier.
- Most consumption divisions accelerated month on month, while communications slowed sharply.
- Food and housing were the largest contributors to both monthly and annual inflation.
- BRH attributed the price increase mainly to supply constraints, circulation problems and security-related transaction costs.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, July 2024, https://www.brh.ht/wp-content/uploads/note-mensuelle-inflation-juillet-24.pdf