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Haiti - Economy : Inflation passes the bar of 14%
25/09/2018 09:58:45

Haiti - Economy : Inflation passes the bar of 14%
For the month of August 2018, the General Consumer Price Index (base 100 in August 2004) stood at 359.9 against 349.5 in July, showing an increase in inflation in a very slight slowdown of + 1.4% in a monthly rate, compared to 1.5% the previous month https://www.haitilibre.com/en/news-25362-haiti-economy-monthly-inflation-accelerates-+-15-in-july.html . Year on year (last 12 months) inflation was up to 14.1% against 13.6% the previous month.

This monthly increase of + 1.4% is mainly the result of the behavior of the consumption indices : "Food, beverages and tobacco" (+ 1.5%), "Clothing and fabrics, shoes" (+ 1.5%), "Equipments and maintenance of equipment". housing "(+ 1.4%) and" Health "(+ 1.4%).

The upward change in the "Food, Beverages and Tobacco" index, which represents more than 50% of the household budget, comes from, among other things, the increase in rice prices (+ 1.8%), average meat (+ 2.4%) , chicken (+ 1.8%), ham (+ 1.2%), fresh fish (+ 1.6%), herring (+ 2.5%), salt herring (+ 1.5%), cod (+ 1.4%), peanut butter (+ 1.7%), coconut (+ 2.1%), giraumon (+ 1.6%), leek (+ 1.9%), cabbage (+ 1.3%), onion (+ 1.4%), garlic (+ 1.1%), tomato (+ 1.5%), malanga (+ 2.2%), cassava (+ 1.6%) and potato (+ 1.9%).

The rise in the "Clothing and Fabrics, Footwear" index comes from the variation in product prices such as: fabrics (+ 2.1%), suits, universal jackets (+ 1.5%), Men's T-shirts (+ 1.3%) ), the men's trousers (+ 2.2%), the t-shirt (+ 1.6%), the underpants (+ 2.1%), the dress (+ 2.2%) and the clothing industry (+ 1.3%).

The increase in the "Equipment and Home Maintenance" index comes mainly from the rise in living room furniture (+ 1.4%), the dining room (+ 1.5%), the bed (+ 1.3%), the mattress (+ 1.7%), groundwater (+ 1.4%), towels (+ 1.5%), insecticide (+ 2.0%) and disinfectant (+ 3.1%).

Finally, the increase in the "Health" index is attributable to the increase in drug prices (+ 1.8%) and fees paid to doctors (+ 1.5%).

Situation in figures by function for the whole country (yoy) :
Food, beverages and tobacco : 14.9%
Apparel and textiles, footwear : 16.1%
Rent housing, energy and water : 14.6%
Development and maintenance of housing : 14.9%
Health : 21.2%
Transport : 4.3%
Leisure, entertainment, education and cultural : 15.2%
Other goods and services : 11.4%

Situation in Figures local products (yoy) :
Food, beverages and tobacco : 15.7%
Apparel and textiles, footwear : 18.5%
Rent housing, energy and water : 15.1%
Development and maintenance of housing : 13.7%
Health : 19.6%
Transport : 5.2%
Leisure, entertainment, education and cultural : 14.5%
Other goods and services : 6.4%

Situation in figures of imported products (YoY) :
Food, beverages and tobacco : 9.9%
Apparel and textiles, footwear : 15.5%
Rent housing, energy and water : 4.9%
Development and maintenance of housing : 11.8%
Health : 10.9%
Transport : 3.4%
Leisure, entertainment, education and cultural : 16.9%
Other goods and services : 11.5%

General Price Index by Region (Variation on a month) :
Metropolitan area (+ 1.7%)
Rest North (+ 1.5%) (includes the departments of South-East and West)
North (+ 1.2%), (including departments of the North, Northeast and Northwest)
South (+ 1.3%) (including South departments of Grand'Anse and Nippes)
Transversal (+ 1.4%), (including the departments of Centre and Artibonite)

See also :
https://www.haitilibre.com/en/news-25362-haiti-economy-monthly-inflation-accelerates-+-15-in-july.html

HL/ HaitiLibre

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