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Haiti - FLASH : Inflation out of control, flies to 18.6%
22/07/2019 08:06:34

Haiti - FLASH : Inflation out of control, flies to 18.6%
Prices continued to rise during the month of June 2019, 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 ) went from 119.4 to 121.6 showing a monthly increase of + 1.8% and + 18.6% over 12 months, against respectively + 1.4% and +18.0% in May 2019 https://www.haitilibre.com/en/news-28123-haiti-economy-annual-inflation-still-rising-reaches-18.html

This upward variation comes from almost all consumer functions, the most important of which are: "Food products and non-alcoholic beverages" (+1.8% over one month and + 22.6% over one year); "Articles of clothing and footwear" (+ 2.8% over one month and 17.5% over one year); "Housing, water, gas, electricity and other fuels" (+ 2.2% over one month and + 14.7% over one year); " Health " (+ 3.2% over one month and + 27.7% over one year); Leisure activities "(+ 3.1% over one month and + 29.6% over one year) and" Restaurants "(+ 4.0% over one month and + 23.9% over one year).

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

Food :
Imported rice (+ 19.7%), ground corn (+ 26.5%), biscuits (+ 30.0%), meats (+ 23.0% on average), hot dogs (+ 24.9%), fresh fish (+ 23.5%), eggs ( + 30.1%), evaporated milk (+ 28.4%), orange (+ 33.5%), chadec (+ 46.7%), pineapple (+ 30.5%), banana (+ 25.8%), avocado (+ 26.7%), papaya ( +41.2%), dry peas (+ 25.1%), yams (+ 31.1%), cassava (+ 49.1%), potatoes (+ 29.3%), true trees (+ 43.8%), malanga (+ 26.8%) and mirliton (+33.0%).

Health :
Drugs (+31.8%), glasses (+ 21.9%) and hospitalization costs (+ 17.7%).

Leisure :
Hobbies: computer (+ 35.2%), television (+ 30.6%), radio (+ 30.7%) and television subscription (+ 48.9%).

Restaurants :
Meals taken outside (+21.0%)

Miscellaneous goods and services :
Toothpaste (+ 19.0%), shampoo (+ 25.9%), perfume, eau de toilette (+ 23.0%) and watch (+ 22.1%).

Prices for imported products continue to grow at a relatively high rate, up 19.6% year-on-year. An almost similar trend is shown by local products, which grew + 17.2% year-on-year.

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

General index : + 18.6% over one year and + 1.8% for the month of June 2019

  • Food and non-alcoholic beverages: month +1.8%, year +22.6%
  • Alcoholic beverages and tobacco: month +0.9%, year +11.6%
  • Articles of clothing and footwear: month + 2.8%, year +17.5%
  • Housing, water, gas, electricity and other fuels: months +2.2%, year +14.7%
  • Furniture, household goods and household maintenance: month + 1.9% year + 21.7%
  • Health: month +3.2%, year +27.7%
  • Transportation: months +1.2%, year +6.9%
  • Communications: month +0.1%, year +4.1%
  • Leisure: month +3.1%, year +29.8%
  • Lessons: months 0.0%, year + 10.2%
  • Restaurants: months +4.0%, year +23.9%
  • Miscellaneous goods and services: month +1.7%, year +18.5%

Annual change in the CPI from June 2018 to June 2019 :

Global CPI :
2018: June 11.7%; July 12.1%; August 12.7%; September 13.2%; October 14.4%; November 14.5%; December 2018 15.1%; 2019: January 15.5%; February: 17.0%; March 16.7%; April 17.7%; May 18.0%; June 18.6%

CPI of local products :
2018: June 11.4%; July 11.8%; August 12.1%; September 12.4%; October 13.3%; November13.8%; December 2018 14.3%; 2019: January 15.2%; February 15.9% March 15.8%; April 16.8% and May 17.2%; June 18.0%

CPI of imported products :
2018: June 11.9%; July 12.7%; August 13.6%; September 14.0%; October 16.0%; November 16.8%; December 2018 17.3%; 2019: January 18.2%; February 19.0%; March 18.7% April 19.1% and May 19.6%; June 20.0%

CPI by geographic region (June 2019) :

In geographical regions, the most pronounced inflations were mainly observed in the southern départements (2.0% over one month and 19.2% over one year) and the Metropolitan Area (1.9% over one month and 18.6% over one year).

CPI by geographic region (June 2019) :
At the regional level, monthly increases in the CPI are recorded in all regions of the country for the month of April. It should be noted, however, that the most significant annualized regional variations were observed in the cross-sectional regions 19.0%, the Metropolitan Area 17.6% and the Rest West 17.5%

Metropolitan area: month +1.9%, year +18.5%
(Port-au-Prince, Delmas, Pétion-ville, Carrefour and Croix des Bouquet);

Rest West: month + 1.7%, year +18.0%
(South-East and West departments without the metropolitan area);

North: month + 1.6%, year +18.7%
(Department of North, North East and North West);

South: month + 2.0%, year +19.2%
(Department of the South, Grande-Anse and Nippes);

Transversal: month + 1.7%, year +19.1%
(Department of the Center and Artibonite).

See also :
https://www.haitilibre.com/en/news-28123-haiti-economy-annual-inflation-still-rising-reaches-18.html
https://www.haitilibre.com/en/news-26268-haiti-economy-a-new-index-of-consumer-prices-more-efficient.html

HL/ HaïtiLibre

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