Monthly Inflation Note, December 2024
Summary: The Bank of the Republic of Haiti's monthly note on inflation for December 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 by 40 basis points to 3.6 percent in December 2024, while annual inflation rose by 1.8 percentage points to 28.4 percent.
- Cumulative inflation in the first quarter of FY2024-2025 reached 9.2 percent, compared with 8.7 percent one year earlier.
- Monthly slowing was led by food, alcoholic beverages and communications, even as annual inflation rose across all consumption divisions.
- Food contributed 51.67 percent of monthly inflation and 64.31 percent of annual inflation.
- BRH linked the slowdown to partial easing after November shocks, a slight year-end activity recovery, better market availability and a lower exchange rate.
How to cite
Bank of the Republic of Haiti (BRH), Monthly Inflation Note, December 2024, https://www.brh.ht/wp-content/uploads/NOTE-MENSUELLE-DINFLATION-DU-MOIS-DE-DECEMBRE-2024.pdf