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Haiti - Economy : Sharp rise in inflation +3.5% in 2 months 04/11/2021 10:08:19
The monthly increase observed in September 2021 is mainly the result of the behavior of the following consumption indices: "Food products and non-alcoholic drinks" : + 1.3% over one month and 14.7% over one year; "Housing, water, gas, electricity and other fuels" (+ 2% over one month and 11.7% over one year; "Education" + 5.0% over one month and 10.3% over one year). "Health" + 2.7% over one month and 23.0% over one year. Products with more pronounced annual inflation : Food : Rice (on average 21.8%), meat (on average 17.1%), powdered milk (20.9%), edible oil (27.9%), lemon (24.8%), banana (17.6%), peas (on average 14.9%) %) and sugar (on average 15.6%). Housing, water, gas, electricity and other fuels : Charcoal (17.8%) and propane gas (21.5%). Education : Teaching fees (10.3%). Health : Medicines (28.4%) and glasses with corrective lenses (17.5%). It should be noted that a greater price increase was observed for imported products, ie 17.1% year-on-year against 10.9% for local products. Consumer Price Index for the whole country by consumption function : General index: 13.1% over one year and + 1.4% over the month of September 2021 Food and non-alcoholic beverages: month + 1.3%, year + 14.7% Alcoholic beverages and tobacco: month 0.9%, year (1.9)% Clothing and footwear: month + 0.9%, year + 13.6% Housing, water, gas, electricity and other fuels: month + 2.0%, year + 11.7% Furniture, household items and routine household maintenance: month + 1.0%, year + 14.2% Health: month + 2.2%, year + 23% Transport: month + 0.2%, year + 2.8% Communications: month + ()%, year + 2.5% Leisure: month + 2.9%, year + 10.3% Teaching: month 5.0%, year + 10.3% Restaurants: month 2.7%, year + 20.6% Miscellaneous goods and services: month + 1.5%, year + 13.7% Annual change in the CPI (inflation) : Global CPI : 2020 September 25.1%; October 21.6%; November 20.1%; December 19.2%; 2021 January 18.7%; February 17.9%; March 17.2%. April 16.0%; May 14.5%; June 12.7%; July 12.3%; August 10.9%; September 13.1% Local Products CPI : 2020 September 24.3%; October 21.7%; November 20.1%; December 19.1%; 2021 January 18.5%; February 17.3%; March 16.9%; April 15.7; June 11.8%; July 10.8%; August 9.3%; September 10.9% CPI of imported products: 2020 September 26.6%; October 21.4%; November 20.0%; December 19.3%; 2021 January 19.0%; February 18.3%; March 17.5%; April 16.5%; June 14.2%; July 14.9; August 13.8%; September 17.1% CPI by geographic region (Septemre 2021) : All the regions therefore contributed to the increase in inflation for the month of September 2021 for the country as a whole. It should be noted, however, that the most significant regional variations compared to September 2020 are observed for the Rest West and the South, which posted 14% and 13.8% respectively. Metropolitan area : month + 1.4%, year + 12.6% (Port-au-Prince, Delmas, Pétion-ville, Carrefour and Croix des Bouquet); Rest West : month + 1.5%, year + 14.0% (Departments of the Southeast and the West without the metropolitan area); North : month + 1.4%, year + 12.6% (Department of North, North East and North West); South : month + 1.5%, year + 13.8% (Department of South, Grande-Anse and Nippes); Cross-sectional : month + 1.4%, year + 12.8% (Department of Center and Artibonite). See also : https://www.haitilibre.com/en/news-34906-haiti-economy-acceleration-of-the-rise-in-prices-for-2-months.html HL/ HaitiLibre
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