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Haiti - Economy : Slight drop in inflation in February
19/04/2021 13:16:12

Haiti - Economy : Slight drop in inflation in February
The General Consumer Price Index (IPC base 100, 2017-2018 https://www.haitilibre.com/en/news-26268-haiti-economy-a-new-index-of-consumer-prices-more-efficient.html which stood at 162.0 in January 2021 hhttps://www.haitilibre.com/en/news-33188-haiti-economy-inflation-drops-by-half-a-point-to-187-january-2021.html rose to 163.7 in February 2021 shows monthly deceleration of -1.1% and inflation of 17.9% (-0.8%) on an annual basis against + 1.2% in January and inflation on an annual basis of 18.7% (-0.5%)

The monthly increase observed in December is the result of the behavior of the consumption indices:

"Food products and non-alcoholic drinks" : (+ 1.4% over one month and 21.6% over one year);
"Articles of clothing and footwear" (1.1% over one month and 20.3% over one year);
"Furniture, household items and routine household maintenance" (1.1% over one month and 16.1% over one year)
"Health" (1.4% over one month and 28% over one year).

The products which recorded the most pronounced annual inflation are :

Food :
Local rice (17.1%), imported rice (16.7%), ground corn (14.6%), bread (19.2%), goat meat (27.8%), chicken (21.5%), banana (33.0%) and dry peas ( 29.4%).

Articles of clothing and footwear :
Fabric (23.9%), dress (20.0%) and shirt (19.8%).

Furniture, household items and routine household maintenance :
Living room (21.5%) and dining room (23.4%) furniture.

Health :
Medicines (30.4%)

It should be noted that the Consumer Price Index for local products has varied by 17.7% on an annual basis, against 18.3% for imported products.

Consumer Price Index for the whole country by consumption function :

General index : 17.9% over one year and + 1.1% over the month of February 2021

Food and non-alcoholic beverages: month + 1.4%, year + 21.6%
Alcoholic beverages and tobacco: month 0.1%, year + 10.2%
Clothing and footwear: month + 1.1%, year + 20.3%
Housing, water, gas, electricity and other fuels: month + 1.0%, year + 14.3%
Furniture, household items and routine household maintenance: month + 1.1%, year + 16.1%
Health: month + 1.4%, year + 28.0%
Transport: month + 0.3%, year + 6.2%
Communications: month + 0.1%, year + 3.3%
Leisure: month + 1.0%, year + 12.3%
Education: month () year + 10.9%
Restaurants: month (), year + 19.8%
Miscellaneous goods and services: month + 0.8%, year + 16.1%

Annual change in the IPC (inflation) :

IPC Global : February 2020 20.8%; March 22.0%; April 22.4%; May 23.3%; June 24.7%; July 25.7%; August 27.8%; September 25.1%; October 21.6%; November 20.1%; December 19.2%; January 2020 18.7%; February 17.9%

: February 2020 20.4%; March 21.5%; April 21.5%; May 22.5%; June 23.9%; July 24.9%; August 26.5%; September 24.3%; October 21.7%; November 20.1%; December 19.1%; January 2020 18.5%; February 17.3%

IPC of Imported Products : February 2020 21.6%; March 23.0%; April 24.0%; May 24.8%; June 26.2%; July 27.1%; August 30.1%; September 26.6%; October 21.4%; November 20.0%; December 19.3%; January 2020 19.0%; February 18.3%

IPC by geographic region (January 2021) :

In the regions, increases in the CPI are observed in all geographic regions of the country. However, the most significant variations are recorded in the regions: Metropolitan Area (18.4%), Reste-Ouest (18.1%) and North (17.4%).

Metropolitan area: month + 1.0%, year + 18.4%
(Port-au-Prince, Delmas, Pétion-ville, Carrefour and Croix des Bouquet);

Rest West: month + 1.1%, year + 18.1%
(Departments of the Southeast and the West without the metropolitan area);

North: month + 1.1%, year + 17.4%
(Department of North, North East and North West);

South: month + 1.2%, year + 17.2%
(Department of South, Grande-Anse and Nippes);

Cross-sectional: month + 1.2%, year + 18.1%
(Department of Center and Artibonite).

See also :
https://www.haitilibre.com/en/news-33188-haiti-economy-inflation-drops-by-half-a-point-to-187-january-2021.html

HL/ HaitiLibre

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