Monthly Inflation Note, October 2024
Summary: The Bank of the Republic of Haiti's monthly note on inflation for October 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 427.5 in October 2024, compared with 421.8 in September 2024 and 341.1 in October 2023.
- Monthly inflation rose by 20 basis points to 1.4 percent, while annual inflation slowed by 2.6 percentage points to 25.3 percent.
- Most consumption divisions rose month on month, but alcoholic beverages and education slowed slightly.
- Food, housing and clothing together contributed 81.63 percent of monthly inflation and 82.66 percent of annual inflation.
- BRH linked price pressures to persistent bottlenecks that hindered movement of goods and people and raised production and commercialization costs.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, October 2024, https://www.brh.ht/wp-content/uploads/NOTE-MENSUELLE-DINFLATION-OCT-2024.pdf