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Haiti - Economy : Sharp acceleration in inflation + 3.4% in 1 month 29/11/2023 10:13:17
The observed increase in monthly inflation of 3.4% is the result in particular of consumption functions, the most important of which are : "Food products and non-alcoholic beverages": +4.8% over one month and 20.6% over one year; "Clothing and footwear": +2.5% over one month and 29.8% over one year; "Housing, water, gas, electricity and other fuels": +1.8% over one month and 39.1% over one year "Furniture, household items and routine household maintenance": +2.3% over one month and 16.2% over one year Products having recorded more pronounced annual inflation: Food: Rice (on average 20.2%), Meats (on average 25.6%), Fresh fish (38.0%), Herring (on average 34.6%), Edible oil (33.6%), Lemon ( 58.4%), Banana (20.5%) and Sugar (on average 20.8%). Article of clothing and shoes: Clothing manufacturing (17.6%), Dress (21.8%), Shirt (19.0%) and Socks (19.4%). Housing, water, gas, electricity and other fuels: Housing (41.3%), Charcoal (10.8%) and Propane gas (8.3%). Furniture, household items and routine household maintenance: Living room furniture (27.5%), Stove (17.6%) and Fan (29.0%). Restaurants: Meal prices outside (19.5%). The prices of local products and those of imported products increased by +22.7% and +23.1%, respectively, year-on-year. Consumer Price Index for the whole country by consumption function: General index: 3.4% as of October 2023 and 22.8% over one year Food and non-alcoholic beverage products: +4.8% over one month and +20.6% over one year; Alcoholic beverages and tobacco: +2.2% over one month and +5.8% over one year; Clothing and footwear: +2.5% over one month and +15.2% over one year; Housing, water, gas, electricity and other fuels: +2.5% over one month and +29.8% over one year; Furniture, household items and routine household maintenance: +2.3% over one month and +16.2% over one year; Health: annual basis: +1.1% over one month and +9.5% over one year; Transport: +0.3% over one month and +77.0% over one year; Communication: +0.5% over one month and +77.0% over one year; Leisure: +1.1% over one month and +7.5% over one year; Education: +1.0% over one month and +5.6% over one year; Restaurants: +3.5% over one month and +19.5% over one year; Miscellaneous goods and services: +1.8% over one month and +8.9% over one year; Annual change in CPI (inflation): Overall CPI: 2022 October 47.2%; November 45.5%; December 48.3% 2023 January 49.3%; February 48.2%; March 48.3%; April 47.9%; May 46.4%; June 43.9%; July 39.8%; August 37.3%; September 31.8%; October 22.8% Local Products CPI: 2022 October 39.0%; November 37.4%; December 40.9% 2023 January 41.8%; February 41.3%; March 42.3%; April 42.6%; May 41.9%; June 41.1%; July 38.6%; August 36.6%; September 31.3%; October 22.7% CPI of Imported Products: 2022 October 61.0%; November 59.1%; December 60.2% 2023 January 61.5%; February 59.4%; March 57.8%; March 56.1%; April 56.1%; May 53.4%; June 48.2%; July 41.5%; August 38.2%; September 32.6%; October 23.1 CPI by geographic region: It is especially the North, the South and the transverse region which recorded the highest price increases with 24.3%, 24.2% and 24.1% respectively. Metropolitan Area: +3.6% in October +20.5% year-on-year (Port-au-Prince, Delmas, Pétion-ville, Carrefour and Croix des Bouquet); Rest West: +3.2% in October +23.6% year-on-year (South-East and West Departments without the metropolitan area); North: +3.3% in October +24.3% year-on-year (North, North East and North West Departments); South: +3.5% in October +24.2% year-on-year (Department of South, Grande-Anse and Nippes); Transversal: +3.3% in October +24.1% over one year (Department of Center and Artibonite). See also : https://www.haitilibre.com/en/news-40874-haiti-economy-inflation-slows-on-an-annual-basis-august-september.html HL/ HaitiLibre
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