Market Analysis Haiti, April 2016 (data collected December 2015)
Summary: WFP market analysis linking gourde depreciation and food inflation to household purchasing power, in an economy importing most of its food.
Key Findings
- Haiti imports 70 percent of its food requirements, so currency depreciation transmits directly into food prices.
- Half of households spend 65 percent of their expenditure on food, against year-on-year food inflation of 16.1 percent.
- Poor households depend on farm wage labor for up to 60 percent of annual income while own production supplies only 5 to 15 percent.
- Growth had slowed to 1.7 percent from 2.8 percent in 2014 and 4.2 percent in 2013.
Full Description
A WFP market assessment for Haiti published April 2016 on data collected in December 2015. It traces how currency depreciation feeds food inflation in an economy that imports the bulk of its food, and what that means for households spending most of their income on it. Its account of poor households' income composition, dominated by farm wage labor rather than own production, is the part most often drawn on in food security analysis.
How to cite
World Food Programme (WFP), Market Analysis Haiti, April 2016 (data collected December 2015), accessed via HaitiDocs, https://www.haitidocs.org/doc/wfp-vam-haiti-2016-04