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Haiti - Economy : Consumer Price Index +1.5% in November
24/12/2018 10:48:58

Haiti - Economy : Consumer Price Index +1.5% in November
According to the new Consumer Price Index (CPI base 100, 2017-2018 https://www.haitilibre.com/en/news-26268-haiti-economy-a-new-index-of-consumer-prices-more-efficient.html ), in November 2018 amount to 109.6 against 108.1 the previous month, a monthly increase of + 1.4% and inflation of + 14.5% yoy (last 12 months).

This rise in inflation is due to the behavior of functions such as : Food and non-alcoholic beverages (+ 1.5% over one month and + 16.8% over one year), Furniture, household goods and household maintenance (+1.9 % over one month and + 18.7% over one year), Health (+ 2.1% over one month and + 22.1% over one year) and Leisure (+ 3.2% over one month and + 24.80% over one year).

Products that have seen the strongest year-on-year hikes :

Food :
Imported rice (+ 24.7%), meat (+ 21.5%), cod (+ 22.4%), chadec (+ 24.0%), banana (+ 22.8%), cassava (+ 28.5% and true tree (+ 30.5%).

Furniture, household items...:
Invent (+ 20.7%), stove (+ 21.7%), refrigerator (+ 30.8%), insecticide (+ 27.9%).

Health:
Medications (+ 27.2%), corrective eyewear (+ 14.3%) and hospitalization costs (+ 16.1%).

Leisure :
Radio (+ 30.1%), television subscription (+ 39.6%) and cinema (+ 32.8%).

Imported Products increased in November (+ 16.6%), while the Local Products Price Index grew by + 13.8%.

At the regional level, the highest monthly inflation was observed in the cross-cutting regions (+ 1.8%) and the Metropolitan Area (+ 1.6%). While over the last 12 months, the departments of the North (+ 14.5%), Rest West and Transversal (+ 14.4%) posted the largest increases.

Finally, price increases in all geographic regions contributed to the November 2018 inflation across the country. However, the most striking annual variations are observed in the cross-border regions (Center and Artibonite + 15.3%) and Metropolitan Area (+ 14.5%).

Consumer Price Index (CPI) for the whole country by consumption function :

General index : + 14.3% over one year + + 1.4% over the month of October

Food and non-alcoholic beverages: month + 1.4%, year + 14.5%
Alcoholic beverages and tobacco: month + 1.5%, year + 16.8%
Clothing and footwear items: month + 1.3%, year + 16.0%
Housing, water, gas, electricity and other fuels: months + 1.2%, year + 13.5%
Furniture, household goods and household maintenance: month + 1.9% year + 18.7%
Health: months + 2.1%, year + 22.1%
Transport: months + 0.5%, year + 5.2%
Communications: months + 0.5%, year + 3.2%
Leisure time: 3.2% month, year + 24.8%
Lessons: month 0.0%, year + 10.8%
Restaurants: month 1.0%, year + 15.1%
Miscellaneous goods and services: month 1.0%, year + 15.4%

Annual CPI Change October 2017 to October 2018 :

Global CPI :
November 10.5%; December 10.6%; 2018: January 10.9%; February 11.0%; March 11.1%; April 11.2%; May 11.1%; June 11.7%; July 12.1%; August 12.7%; September 13.2%; October 14.4%; November 14.5%

CPI of local products:
November 10.4%; December 10.4%; 2018: January 10.5%; February 10.6%; March 10.8%; April 11.0%; May 11.1%; June 11.4%; July 11.8%; August 12.1%; September 12.4%; October 13.3%; novembre13.8%

CPI of imported products :
November 10.7%; December 11.1%; 2018: January 11.4%; February 11.6%; March 11.5%; April 11.9%; May 11.0%; June 11.9%; July 12.7%; August 13.6%; September 14.0%; October 16.0%; November 16.8%

CPI by geographic region :

Metropolitan area : months + 1.3%, year + 14.5%
(Port-au-Prince, Delmas, Pétion-ville, Carrefour and Croix des Bouquet)

Rest West : months + 1.3%, year + 14.3%
(South-East and West departments without the metropolitan area)

North : months + 1.5%, year + 14.5%
(Department of North, North East and North West)

South : months + 1.6%, year + 14.9%
(Department of the South, Grande-Anse and Nippes)

Transversal : months + 1.1%, year + 15.3%
(Department of Center and Artibonite)

See also :
https://www.haitilibre.com/en/news-26277-haiti-economy-monthly-inflation-increases-according-to-the-new-cpi-october-2018.html
https://www.haitilibre.com/en/news-26268-haiti-economy-a-new-index-of-consumer-prices-more-efficient.html

HL/ HaitiLibre

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