Monthly Inflation Note, November 2024
Summary: The Bank of the Republic of Haiti's monthly note on inflation for November 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 accelerated to 4 percent in November 2024, 2.6 percentage points above October, while annual inflation rose to 26.6 percent.
- Cumulative monthly inflation over the first two months of FY2024-2025 reached 5.4 percent.
- Food and non-alcoholic beverages rose 5.1 percent month on month and housing utilities rose 3.4 percent.
- Food and housing together contributed 81.60 percent of monthly inflation and 78.14 percent of annual inflation.
- BRH linked the increase to regional fragmentation, security conditions, weaker product availability and the closure of the Port-au-Prince airport.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, November 2024, https://www.brh.ht/wp-content/uploads/NOTE-MENSUELLE-DINFLATION-NOVEMBRE-2024.pdf