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Haiti - Economy : Inflation at the threshold of 16%
24/07/2017 09:33:11

Haiti - Economy : Inflation at the threshold of 16%
In June 2017, the General Consumer Price Index (base 100 in August 2004) rose to 309.3 compared to 306 the previous month, with monthly growth of + 1.1% (+ 1.5% in May) for an annualized inflation of 15.8% (15.5% in May).

The monthly increase in inflation is mainly due to the behavior of consumption functions: "Food, Beverages and Tobacco" (+ 1.1%), "Clothing, fabrics, footwear" (+ 1.8%), And Water "(+ 1.7%) and" Health "(+ 0.9%).

The positive change in the index "Food, Beverages and Tobacco", which represents over 50% of the household budget is dure, among other of the rise of : millet (+ 4.3%), bread (+ 1.1%), beef (+ 1.8%), pork (+ 1.8%), goat meat (+ 2.4%), Fresh fish (+ 2.2%), salt herring (+ 1.6%), bananas (+ 2.1%), giraumon (+ 1.7%), whiskey (+ 2.1% ), Leek (+ 2.1%), aubergine (+ 1.3%), cabbage (+ 1.4%), onion (+ 1.2%), garlic (2.1%), tomato (+ 1.7%), malanga (+ 1.7%), potato (+ 2.4%), potato (+ 1.7% ), The real tree (+ 2.6%), orange (+ 1.7%), chadka (+ 2.2%) and papaya (+ 1.3%).

The increase in the "Apparel, Fabrics and Shoes" index is particularly linked to prices of : fabric (+ 2.8%), shirt (+ 1.7%), men's tee-shirt (+ 1.6%), trousers (+1.25), dress (+ 1.1%), garment manufacturing (+ 2.5%) and sandals (+ 1.9%).

The increase in the "Rent of Housing, Energy and Water" index is mainly due to the rise in housing rent (+ 2.3%) and water supply (+ 1.8%).

Finally, the upward trend observed in the "Health" index is mainly related to fees paid to doctors (+ 1.0%) and laboratory analysis costs (+ 1.7%).

Situation in figures by function for the whole country (yoy) :
Food, beverages and tobacco : 14.7%
Apparel and textiles, footwear : 21.2%
Rent housing, energy and water : 23.4%
Development and maintenance of housing : 13.5%
Health : 13.6%
Transport : 6.9%
Leisure, entertainment, education and cultural : 16.1%
Other goods and services : 18.1%

Situation in Figures local products (yoy) : :
Food, beverages and tobacco : 14.8%
Apparel and textiles, footwear : 9.1%
Rent housing, energy and water : 25.8%
Development and maintenance of housing : 21.0%
Health : 13.8%
Transport : 6.8%
Leisure, entertainment, education and cultural : 16.9%
Other goods and services : 2.3%

Situation in figures of imported products (YoY) :
Food, beverages and tobacco : 12.3%
Apparel and textiles, footwear : 21.0%
Rent housing, energy and water : 19.8%
Development and maintenance of housing : 22.9%
Health : 3.4%
Transport : 15.5%
Leisure, entertainment, education and cultural : 20.5%
Other goods and services : 16.1%

General Price Index by Region (Variation on a month) :
Metropolitan area (+ 1.0%)
Rest North (+ 0.9%) (includes the departments of South-East and West)
North (+ 0.9%), (including departments of the North, Northeast and Northwest)
South (+ 1.3%) (including South departments of Grand'Anse and Nippes)
Transversal (+ 0.9%), (including the departments of Centre and Artibonite)

See also :
http://www.haitilibre.com/en/news-21328-haiti-economy-the-country-sinks-into-the-spiral-of-inflation.html

HL/ HaitiLibre

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