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Haiti - Economy : Inflation crosses the bar of 15%
31/01/2019 10:13:39

Haiti - Economy : Inflation crosses the bar of 15%
According to the new Consumer Price Index (CPI base 100, 2017-2018 https://www.haitilibre.com/article-26268-haiti-economie-un-nouvel-indice-des-prix-a-la-consommation-plus-performant.html ), in December 2018 the index reached 111.2 against 109.6 the previous month, a monthly increase of +1.5% and inflation of 15.1% year-on-year (last 12 months).

This rise in inflation is due to the behavior of functions such as: Food and non-alcoholic beverages (+ 1.8% over one month and 17.7% over one year), clothing and footwear (+ 1.5% over one month and 16.3% over one year), Furniture, household goods and household maintenance (+ 2.1% over one month and 20.2% over one year), Health (+ 2.3% over one month and 23.9% over one year) and Leisure ( +1.4% in one month and 26.0% in one year).

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

Food :
Imported rice 25.7%, fresh fish 20.1%, herring 21.3%, chadèque 25.9%, aubergine 31.2%, mirliton 25.1%, salt 33.1% and true tree 34.1%.

Furniture, household items...:
21.2% curtains, 31.2% refrigerator and 30.7% insecticide.

Health :
Drugs 29.4%, corrective eyewear 15.1% and hospitalization costs 14.9%.

The Year-on-Year Imported Products Index stands at 17.3% while the Local Products Price Index is at 14.3%.

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, it is the departments of the North (+ 14.5%), Rest West and Transversal (+ 14.4%) which show the highest increases.

Finally, at the regional level, the monthly positive changes in the CPI are recorded in all the regions of the country for the month of December. However, the most significant variations are recorded at the regional level: Transversal (15.9%), North (15.6%) and South (15.5%).

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

General index : + 15.1% over one year + + 1.5% over the month of December 2018

Food and non-alcoholic beverages: month + 1.8%, year + 17.7%
Alcoholic beverages and tobacco: month + 0.9%, year + 15.8%
Clothing and footwear items: month + 1.5%, year + 16.3%
Housing, water, gas, electricity and other fuels: months + 1.4%, year + 13.8%
Furniture, household goods and household maintenance: months + 2.1% year + 20.2%
Health: months + 2.3%, year + 23.9%
Transport: months + 0.7%, year + 5.4%
Communications: months + 0.5%, year + 3.5%
Leisure time: 1.4% month, year + 26.0%
Lessons: month 0.0%, year + 10.7%
Restaurants: month 1.2%, year + 15.3%
Miscellaneous goods and services: month 1.1%, year + 13.9%

Annual CPI Change October 2017 to October 2018 :

Global IPCPIC :
December 2017 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%; December 2018 15.1%.

CPI of local products :
December 2017 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%; November13.8%; December 2018 14.3%.

CPI of imported products :
December 2017 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%; December 2018 17.3%.

CPI by geographic region:

Metropolitan area : months + 1.5%, year + 14.7%
(Port-au-Prince, Delmas, Pétion-ville, Carrefour and Croix des Bouquet)

Rest West : months + 1.5%, year + 15.2%
(Southeast and West departments without the metropolitan area)

North : months + 1.5%, year + 15.6%
(Department of North, North East and North West)

South : months + 1.5%, year + 15.5%
(Department of the South, Grande-Anse and Nippes)

Transversal : months + 1.4%, year + 15.9%
(Department of Center and Artibonite)

See also :
https://www.haitilibre.com/en/news-26485-haiti-economy-consumer-price-index-+15-in-november.html
https://www.haitilibre.com/en/news-26277-haiti-economy-monthly-inflation-increases-according-to-the-new-cpi-october-2018.html
https://www.haitilibre.com/article-26268-haiti-economie-un-nouvel-indice-des-prix-a-la-consommation-plus-performant.html

HL/ HaitiLibre

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