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Haiti - FLASH : Inflation explodes +4.6% in one month 06/12/2021 08:06:09
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" : + 5.9% over one month and 22.7% over one year; "Articles of clothing and footwear" : + 4.1% over one month and 20.2% over one year; "Furniture, household items and routine household maintenance" : + 4.0% over one month and 21.2% over one year; "Health" : + 2.3% over one month and 27.3% over one year. Products with more pronounced annual inflation : Food : Rice (on average 34.6%), meat (on average 23.8%), powdered milk (21.4%), edible oil (43.6%), lemon (31.0%), banana (25.6%), peas (on average 20.6 %) and sugar (23.3%). Articles of clothing and footwear : Dress (on average 28.1%), shirt (20.9%), men's pants (21.1%), shoes and sneakers (25.1%) and sandals (23.3%). Furniture, household items and routine household maintenance : Dining room (on average 43.3%), bed (42.9%) and mattress (43.7%) Health : Medicines (on average 32.6%) and glasses with corrective lenses (25.7%). It should be noted that a greater price increase was observed for imported products, ie 26.1% year-on-year against 16.2% for local products. Consumer Price Index for the whole country by consumption function : General index: 19.7% over one year and + 4.6% over the month of October 2021 Food and non-alcoholic drinks: month + 5.9%, year + 22.7% Alcoholic beverages and tobacco: month 4.2%, year (8.2)% Clothing and footwear: month + 4.1%, year + 20.2% Housing, water, gas, electricity and other fuels: month + 3.4%, year + 17.0% Furniture, household items and routine household maintenance: month + 4.0%, year + 21.2% Health: month + 2.3%, year + 27.3% Transport: month + 1.1%, year + 5.3% Communications: month + 0.8%, year + 4.5% Leisure: month + 2.8%, year + 15.0% Education: month 2.3%, year + 12.8% Restaurants: month 2.9%, year + 27.2% Miscellaneous goods and services: month + 4.0%, year + 21.1% Annual change in the CPI (inflation): Global CPI : 2020 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%; October 19.7% Local Products CPI : 2020 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%; October 16.2% CPI of imported products : 2020 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%; October 26.1 CPI by geographic region (Septemre 2021) : All regions therefore contributed to the increase in inflation in October 2021 for the country as a whole. It should be noted, however, that the most significant regional variations compared to October 2020 are observed for the Rest West and the South, which posted 120.8% and 20.9% respectively. Metropolitan area : month + 4.4%, year + 19.1% (Port-au-Prince, Delmas, Pétion-ville, Carrefour and Croix des Bouquet); Rest West : month + 4.8%, year + 20.8% (Departments of the Southeast and the West without the metropolitan area); North : month + 4.4%, year + 19.1% (Department of North, North East and North West); South: month + 4.8%, year + 20.9% (Department of South, Grande-Anse and Nippes); Cross-sectional : month + 4.6%, year + 19.3% (Department of Center and Artibonite). See also : https://www.haitilibre.com/en/news-35163-haiti-economy-sharp-rise-in-inflation-+35-in-2-months.html HL/ HaitiLibre
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