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Haiti - Economy : Inflation accelerates and reaches 25.2% 18/04/2022 09:38:29
This results in a monthly variation of +2.1% and 25.2% year-on-year compared to +0.6% and 24% respectively the previous month… It should be recalled that in its framework letter for the amending budget for the second half of the 2021-2022 fiscal year, the Government bases its forecasts on an inflation rate of 27.3% year-on-year. Download the framework letter (PDF) : https://www.haitilibre.com/docs/lettre-cadrage-du-projet-de-budget-2021-2022.pdf The monthly increase observed in February 2022 is mainly the result of the behavior of the following consumption indices: "Food products and non-alcoholic beverages": +3.2% over one month or 25.9% over one year; "Clothing and footwear": +2.6% over one month or 26.6% over one year; "Housing, water, gas, electricity and other fuels": +3.1% over one month or 28.6% over one year; "Health": +1.2% over one month, i.e. 25.2% over one year; "Transport": +6.3% over one month or 30.2% over one year. Products with more pronounced annual inflation : Food : Rice (on average 36.1%), bread (30.3%), meat (23.2%), milk (27.9%), edible oil (62.2%), lemon (20.5%) and sugar (27.4%). Clothing and footwear : Shirt (27.0%), pants for men (26.1%), shoes, sneakers (34.1%) and sandals (28.2%). "Housing, water, gas, electricity and other fuels" : Housing rent (average 20.4%), water (40.2%), charcoal (33.6%), propane gas (58.0%), kerosene (119.8%) Health : Medicines (on average 29.7%) and glasses with corrective lenses (20.7%). Transportation : Private vehicle maintenance (36.9%) and petrol and diesel (66.6%). A higher price increase was observed at the level of imported products, i.e. 33.0% year-on-year against 19.1% for local products. Consumer Price Index for the whole country by consumption function : General index : 25.2% over one year and +2.1% in February 2022 Food and non-alcoholic beverages: month 1.6%, year 25.9% Alcoholic beverages and tobacco: month (0.1%) , year (12.0)% Clothing and footwear: month 2.6%, year 26.6% Housing, water, gas, electricity and other fuels: month 3.1%, year 28.6% Furniture, household items and routine household maintenance: month 1.4%, year 23.1% Health: month 1.2%, year 25.2% Transport: month 6.3%, year 30.2% Communication: month 0.3%, year 4.7% Leisure: month 0.8%, year 13.8% Education: month (), year 9.0% Restaurants: month (1.3%), year 31% Miscellaneous goods and services: month 0.9%, year 24.4% Annual change in the CPI (inflation) : Global CPI : 2021 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%; November 24.6%; December 24.7% 2022 January 24.0%; February 25.2% CPI for Local Products : 2021 February 17.3%; March 16.9%; April 15.7; June 11.8%; July 10.8%; August 9.3%; September 10.9%; October 16.2%; November 20.4%; December 19.7% 2022 January 19.1%; February 20.2% CPI of Imported Products : 2021 February 18.3%; March 17.5%; April 16.5%; June 14.2%; July 14.9; August 13.8%; September 17.1%; October 26.1; November 32.3%; December 33.7% 2022 January 33.0%; February 34.2% CPI by geographic region (February 2022) : A higher price increase was observed at the level of imported products, i.e. 34.2% year-on-year against 20.2% for local products. Metropolitan area : year 24.6% (+2.2% over 1 month) (Port-au-Prince, Delmas, Pétion-ville, Carrefour and Croix des Bouquet); Rest West : year 26.7% (+2.0% over 1 month) (South-East and West Departments without the metropolitan area); North : year +23.9% (+2.0% over 1 month) (North, North East and North West Department); South : year +26.9% (+2.0% over 1 month) (Department of the South, Grande-Anse and Nippes); Transversal : year +24.3% (+1.9% over 1 month) (Department of Center and Artibonite). See also : https://www.haitilibre.com/en/news-36179-haiti-economy-annual-inflation-24.html HL/ HaitiLibre
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