Monthly Inflation Note, August 2024
Summary: The Bank of the Republic of Haiti's monthly note on inflation for August 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 from 1.1 percent to 0.9 percent in August 2024, and annual inflation eased by 70 basis points to 29.3 percent.
- Cumulative monthly inflation from October 2023 to August 2024 reached 26.4 percent, 4.5 percentage points below the same period one year earlier.
- Monthly deceleration was driven by food, restaurants, health and miscellaneous goods and services.
- Food and housing together contributed 65.75 percent of monthly inflation and 79.84 percent of annual inflation.
- BRH linked the monthly pattern to lower money supply from reduced credit to the state and a nearly stable exchange rate.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, August 2024, https://www.brh.ht/wp-content/uploads/NOTE-MENSUELLE-DINFLATION-AOUT-2024.pdf