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Haiti - Economy : Very slight slowdown in the rise in monthly inflation
27/11/2017 08:01:56

Haiti - Economy : Very slight slowdown in the rise in monthly inflation
For the month of October 2017, the General Consumer Price Index (base 100 in August 2004) registered a slight slowdown, resulting in a monthly increase of + 0.9% against a rise of + 1% in September 2017. In October inflation was 14.4% yoy.

The monthly rise in inflation is mainly the result of the behavior of consumer functions: "Food, Beverages and Tobacco" (+ 0.9%), "Clothing, fabrics, shoes" (+ 1.0%), "Rent of Housing, Energy and Water "(+ 1.0%)," Housing Development, Equipment and Maintenance "(+ 1.3%) and" Health "(+ 3.8%).

The positive change in the "Food, Beverages and Tobacco" index, which represents more than 50% of the household budget, comes from, among other things, the rise of : millet (+ 1.0%), beef (+ 1.7%), pork (+ 1.7%), goat meat (+ 1.3%), fresh fish (+ 1.5%), herring salt (+ 1.3%), cod (+ 1.4%), avocado (+ 1.0%), banana (+ 1.5%), giraumon (+ 1.5%), dogfish, pumpkin (+ 1.6%), green peas (+ 1.1%), eggplant (+ 1.6%), onion (+ 1.4%), garlic (+ 1.0%), carrots ( + 1.7%), tomatoes (1.8%), mayonnaise (1.0%), yams (1.5%), malanga (2.5%), potatoes (1.6%), potatoes (+ 1.8%), the real tree (+ 1.3%), orange (+ 1.2%), papaya (+ 1.4%) and lemon (+ 2.3%).

The increase in the "Clothing, Fabrics and Footwear" index is particularly related to prices of : fabrics (+ 1.0%), suits, universal jackets (+ 1.2%), shirts (+ 1.2%), shirts (+ 2.5%), underpants (+ 2.1%), women's t-shirts (+ 1.9%) and clothing manufacturing (+ 1.9%).

The evolution of the "ousing rent, Energy and Water" index is essentially due to the increase in propane gas (+ 2.7%) and charcoal (+ 2.0%).

The increase in the "Accommodation, Equipment and Maintenance" index is attributable to the increase in the price of bed linen (+ 1.5%), curtains (+ 1.5%) and the home-made stoves (+2.1 %), insecticide (+ 1.1%), detergents (+ 1.5%), disinfectant (+ 1.6%), wages of domestic staff (+ 2.5%) and dry cleaning (+ 1.5%).

Finally, the increase in the "Health" index is due to drug prices (+ 2.5%), corrective eyewear (+ 2.3%), fees paid to doctors (+ 5.0%) and hospitalization costs (+ 4.2%).

Situation in figures by function for the whole country (yoy) :
Food, beverages and tobacco : 14.2%
Apparel and textiles, footwear : 19.4%
Rent housing, energy and water : 20.7%
Development and maintenance of housing : 11.7%
Health : 16.9%
Transport : 6.5%
Leisure, entertainment, education and cultural : 10.5%
Other goods and services : 14.2%

Situation in Figures local products (yoy) : :
Food, beverages and tobacco : 15.3%
Apparel and textiles, footwear : 13.6%
Rent housing, energy and water : 21.4%
Development and maintenance of housing : 15.9%
Health : 17.4%
Transport : 5.7%
Leisure, entertainment, education and cultural : 11.2%
Other goods and services : 3.7%

Situation in figures of imported products (YoY) :
Food, beverages and tobacco : 8.2%
Apparel and textiles, footwear : 19.2%
Rent housing, energy and water : 18.6%
Development and maintenance of housing : 17.6%
Health : 7.1%
Transport : 12.5%
Leisure, entertainment, education and cultural : 11.4%
Other goods and services : 12.4%

General Price Index by Region (Variation on a month) :
Metropolitan area (+ 1.0%)
Rest North (+ 0.7%) (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 (+ 0.9%), (including the departments of Centre and Artibonite)

HL/ HaitiLibre

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