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Haiti - Economy : Monthly inflation still rising
06/10/2017 10:33:42

Haiti - Economy : Monthly inflation still rising
In August 2017, the General Index of Consumer Prices (base 100 in August 2004) rose to 315.3 compared to 312.4 in July, ie a monthly inflation of + 0.9%, a slight slowdown compared with July (+ 1%) for an annual inflation of 15.6% stable, identical to the month of July 2017.

The monthly rise in inflation is mainly due to the behavior of consumption functions: "Food, Beverages and Tobacco" (+ 1.1%), "Clothing, fabrics, footwear" %) and "Leisure, Entertainment, Teaching and Culture" (+ 1.5%).

The positive change in the food, beverages and tobacco index, which accounts for more than 50% of the household budget, is due in part to an increase in millet (+ 3.6%), corn flakes (+ 2.1%), beef (+ 2.2%), pork (+ 2.7%), cabri meat (+ 2.5%), chicken (+ 1.4%), fresh fish (+ 2.6%), coconut (+ 2.5%), banana (1.7%), giraumon (+ 1.5%), green pea (+ 1.0%), leek (+ 1.2%), eggplant 1.6%), cabbage (+ 1.4%), onion (+ 1.7%), carrot (+ 2.2%), tomato (+ 2.2%), yam potato (+ 2.4%), orange (+ 1.3%), papaya (+ 1.7%) and lemon (+ 2.4%).

The increase in the Clothing, Fabrics and Shoes index is particularly linked to prices: fabric (+ 2.2%), shirt (+ 1.2%), trousers (+ 1.6%), clothing (+ 1.8%) and shoes and tennis (+ 1.1%).

The increase in the Health Index was mainly due to higher fees paid to physicians (+ 1.1%) and laboratory and radiography analyzes (+ 1.3%).

Lastly, the upward trend observed in the "Leisure, Entertainment, Teaching and Culture" index is mainly due to the increase in the prices of school books (+ 6.2%) and the school bag (+6.8 %).

Situation in figures by function for the whole country (yoy) :
Food, beverages and tobacco : 15.2%
Apparel and textiles, footwear : 20.7%
Rent housing, energy and water : 21.1%
Development and maintenance of housing : 12.6%
Health : 12.7%
Transport : 7.3%
Leisure, entertainment, education and cultural : 15.1%
Other goods and services : 16.2%

Situation in Figures local products (yoy) : :
Food, beverages and tobacco : 16.1%
Apparel and textiles, footwear : 11.3%
Rent housing, energy and water : 22.6%
Development and maintenance of housing : 19.7%
Health : 14.2%
Transport : 6.9%
Leisure, entertainment, education and cultural : 14.8%
Other goods and services : 3.1%

Situation in figures of imported products (YoY) :
Food, beverages and tobacco : 10.3%
Apparel and textiles, footwear : 20.5%
Rent housing, energy and water : 18.1%
Development and maintenance of housing : 20.8%
Health : 4.6%
Transport : 13.8%
Leisure, entertainment, education and cultural : 16.7%
Other goods and services : 14.5%

General Price Index by Region (Variation on a month) :
Metropolitan area (+ 0.9%)
Rest North (+ 0.8%) (includes the departments of South-East and West)
North (+ 0.9%), (including departments of the North, Northeast and Northwest)
South (+ 1.1%) (including South departments of Grand'Anse and Nippes)
Transversal (+ 1.1%), (including the departments of Centre and Artibonite)

See also :
http://www.haitilibre.com/en/news-21949-haiti-economy-slight-slowdown-in-inflation-in-july.html

HL/ HaitiLibre

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