Haiti - Economy : Inflation still rising (May 2016) - HaitiLibre.com : Haiti news 7/7





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Haiti - Economy : Inflation still rising (May 2016)
27/06/2016 10:20:27

Haiti - Economy : Inflation still rising (May 2016)
During the month of May 2016 a slight slowdown in the price increase was observed resulting in monthly basis by an increase of 0.7% against 0.8% the previous month to stand at 15.1% yoy against 15.2% in April.

The functions that have most contributed to the monthly increase of 0.7% are primarily: "Food, drinks and tobacco" (+ 0.9%), "Clothing, Textiles and Footwear" (+ 0.5%), "Housing Rent, Energy and Water "(+ 0.7%)," Planning and Housing Maintenance"(+ 0.8%) and" Other Goods and Services "(+ 0.7%).

The progression of the "Food, drinks and tobacco" function which represents over 50% of the household budget comes from among other of price of ground corn (+ 0.6%), poultry (+ 0.8%) and coconut ( + 3.0%), avocado (+ 1.4%), bananas (+ 3.2%), the pumpkin (+ 2.6%), the marker (+ 3.6%), eggplant (+ 3.9%), cabbages (+ 3.1%), onion (+ 2.2%), carrot (+ 3.5%), tomato (+ 2.1%), tomato paste (+ 1.7%) of yam (+ 2.6%), the malanga (+ 2.4%), cassava (+ 2.5%), the potato (+ 2.5%) and potatoes (+ 4.4%), orange (+1.9 %) of chadèque (+ 2.1%), lemon (+ 2.2%), raw sugar (+ 0.8%) and cocoa powder (+ 3.8%).

The increase in "Clothing, Textiles and Footwear" function is mainly due to the increase in products such as costume (+ 1.9%), the dress (+ 1.0%) and tennis shoes (+ 0.5%) and sandals (+ 0.7%).

The increase in the index "Rent Housing, Energy and Water" is mainly due to changes in housing rent (+ 1.1%) and propane gas (+ 0.9%).

Inflationary pressures of the "Planning and Housing Maintenance" function is consecutive to the price of : living room furniture (+ 0.9%), dining room (+ 2.1%), the bed (+ 0.7%), the mattress (+ 1.5%), curtains (+ 1.3%), refrigerator (+ 1.1%), wages of domestic workers (+ 1.8%) and miscellaneous services (+ 1.9%).

Finally, the increase observed at the "Other Goods and Services" function is mainly due to the price of powder shampoo (+ 2.1%), toilet powder (+ 4.2%) and body cream (+ 1.8%).

Situation in figures by function for the whole country (yoy) :
Food, beverages and tobacco : 16.7%
Apparel and textiles, footwear : 21.5%
Rent housing, energy and water : 13.8%
Development and maintenance of housing : 15.7%
Health : 9.7%
Transport : 4.1%
Leisure, entertainment, education and cultural : 12.8%
Other goods and services : 19.3%

Situation in Figures local products (yoy) : :
Food, beverages and tobacco : 20.4%
Apparel and textiles, footwear : 12.9%
Rent housing, energy and water : 13.2%
Development and maintenance of housing : 18.2%
Health : 11.3%
Transport : 4.9%
Leisure, entertainment, education and cultural : 8.8%
Other goods and services : 8.0%

Situation in figures of imported products (YoY) :
Food, beverages and tobacco : 9.2%
Apparel and textiles, footwear : 23.7%
Rent housing, energy and water : -0.5%
Development and maintenance of housing : 22.8%
Health : 6.6%
Transport : 6.7%
Leisure, entertainment, education and cultural : 38.9%
Other goods and services : 18.9%

General Price Index by Region (Variation on a month) :
Metropolitan area (+ 0.7%)
Rest North (+ 0.6%) (includes the departments of South-East and West)
North (+ 0.7%), (including departments of the North, Northeast and Northwest)
South (+ 0.8%) (including South departments of Grand'Anse and Nippes)
Transversal (+ 0.8%), (including the departments of Centre and Artibonite)

See also :
https://www.haitilibre.com/en/news-17527-haiti-economy-inflation-reached-a-new-peak.html

HL/ HaitiLibre

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