WFP VAM Market Monitoring, November 2024: Haiti

This WFP VAM Market Monitoring bulletin covers October 2024. The national average cost of a basic food basket rose by 411 gourdes (2 percent) to 26,385 gourdes, an increase also observed in the metropolitan area, attributed to instability and a decrease in production. Prices for flour, rice and sugar stabilized or declined, but maize rose 10 percent in the Northwest and Southeast departments, and vegetable oil rose slightly to 1,280 gourdes, a 7 percent year-on-year increase versus January 2024. A significant shortage of beans persisted in the North-West, Artibonite, Nippes and South, though overall availability remained adequate; 62 percent of surveyed traders reported food-product scarcity in October, mainly of beans and rice, attributed to poor road conditions, limited purchasing power, heavy rains and reliance on imports from the United States and Dominican Republic that reduced availability of locally produced goods such as maize.

At department level, the North recorded price decreases of 5 percent while the West fell 4 percent, whereas the Southeast and Nippes saw increases of 7 percent and 6 percent respectively. The bulletin's Market Functionality methodology mirrors the Joint Market Monitoring Initiative used by the Cash Transfer Working Group, drawing on face-to-face interviews with 282 traders across 57 markets in all ten departments.