Monthly Inflation Note, September 2024
Summary: The Bank of the Republic of Haiti's monthly note on inflation for September 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
- The CPI reached 421.8 in September 2024, compared with 416.9 in August 2024 and 329.9 one year earlier.
- Monthly inflation rose by 30 basis points to 1.2 percent, while annual inflation slowed to 27.9 percent.
- Cumulative monthly inflation for FY2023-2024 reached 24.9 percent, compared with 28.4 percent in the prior fiscal year.
- Food and non-alcoholic beverages rose 1.4 percent month on month and contributed 60.65 percent of monthly inflation.
- BRH attributed the monthly acceleration to supply-chain blockages, security conditions and higher transaction costs.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, September 2024, https://www.brh.ht/wp-content/uploads/NOTE-MENSUELLE-D-INFLATION-SEPTEMBRE-2024.pdf