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Haiti - Economy : Inflation at the 26% threshold (up) 19/05/2022 10:17:38
This results in a variation over one month of +1.6% or +25.9% year-on-year against respectively +2.6% and +25.2% the previous month... Let's recall that in its framework letter for the amending budget for the second half of the 2021-2022 fiscal year, the Government based its forecasts on an inflation rate of 27.3% year-on-year by October 1. . Download the framework letter (PDF) : https://www.haitilibre.com/docs/lettre-cadrage-du-projet-de-budget-2021-2022.pdf The monthly increase observed in March 2022 is mainly the result of the behavior of the following consumption indices: "Food products and non-alcoholic beverages": +1.9% over one month or 26.6% over one year; "Clothing and footwear": +2.3% over one month or 28.1% over one year; "Housing, water, gas, electricity and other fuels": +0.8% over one month or 28.5% over one year; "Health": +2.2% over one month or 26.1% over one year; "Transport": +-.6% over one month or 30.5% over one year. Products with more pronounced annual inflation: Power: Rice (on average 39.6%), bread (29.2%), meat (22.7%), milk (28.9%), edible oil (67.5%), lemon (15.8%) and sugar (30.3%). Clothing and footwear: Shirt (29.8%), pants for men (27.1%), shoes, sneakers (36.7%) and sandals (30.0%). “Housing, water, gas, electricity and other fuels”: Housing rent (average 19.4%), water (42.0%), charcoal (34.8%), propane gas (66.4%), kerosene (118.8%) Health: Medicines (on average 30.1%) and glasses with corrective lenses (22.3%). Transportation: Private vehicle maintenance (37.6%) and petrol and diesel (66.6%). A higher price increase was observed for imported products, i.e. 36.2% year-on-year against 20.2% for local products. Consumer Price Index for the whole country by consumption function: General index: +25.9% over one year and +1.6% over the month of March 2022 Food and non-alcoholic beverages: month +1.9%, year +26.6% Alcoholic beverages and tobacco: month (+1.2%) , year (+13.2)% Clothing and footwear: month +2.3%, year +28.1% Housing, water, gas, electricity and other fuels: month +0.8%, year +28.5% Furniture, household items and routine household maintenance: month +2.1%, year +24.4% Health: month +2.2%, year +26.1% Transport: month +0.6%, year +30.5% Communication: month +0.9%, year +5.5% Leisure: month +1.2%, year +14.9% Education: month (), year +9.0% Restaurants: month +1.2%, year +32.6% Miscellaneous goods and services: month +1.8%, year 25.7% Annual change in the CPI (inflation): Global CPI: March 2021 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%; March 25.9% CPI for Local Products: March 2021 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%; March 20.2% CPI of Imported Products: March 2021 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%; March 36.2% CPI by geographic region (February 2022): The most significant variations in March 2021 mainly concern the Rest of the West +1.7% over one month and +27.4% over one year and the South which posted +1.7% over one month and 27.7% over one year. Metropolitan area: year +24.6% (+1.6% over 1 month) (Port-au-Prince, Delmas, Pétion-ville, Carrefour and Croix des Bouquet); Rest West: year +27.4% (+1.7% over 1 month) (South-East and West Departments without the metropolitan area); North: year +24.6% (+1.6% over 1 month) (North, North East and North West Department); South: year +27.7% (+1.7% over 1 month) (Department of the South, Grande-Anse and Nippes); Transversal: year +25.0% (+1.6% over 1 month) (Department of Center and Artibonite). See also : https://www.haitilibre.com/en/news-36451-haiti-economy-inflation-accelerates-and-reaches-252.html HL/ HaitiLibre
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