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Haiti - Economy : Inflation in stront increase 26.7%, highest for 19 years 06/06/2022 08:05:40
This results in a variation over one month of +1.6% or +26.7% year-on-year (the highest for 19 years) against respectively +1.6% and +25.9% 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 1st. Download the framework letter (PDF) : https://www.haitilibre.com/docs/lettre-cadrage-du-projet-de-budget-2021-2022.pdf The monthly increase observed in April 2022 is mainly the result of the behavior of the following consumption indices: "Food products and non-alcoholic beverages": +1.8% over one month or 27.7% over one year; "Clothing and footwear": +2.4% over one month or 29.5% over one year; "Furniture, household items and routine household maintenance" +2.2% over one month and 25.7% over one year) "Health": +2.2% over one month, i.e. 25.2% over one year; Products with more pronounced annual inflation: Food : Rice (on average 42.3%), pearl millet (26.3%), bread (28.3%), meat (16.2%), fish (46.3%), herd (41.7%), powdered milk (40.7%), edible oil ( 75.2%), dry pea (22.5%) and yam (19.1%). Clothing and footwear: Dress (30.3%), shirt (32.9%), and pants for men (29.0%). "Furniture, household items and routine household maintenance": Dining room (45%) and bed (41.8%). Health: Medicines (on average 28.2%) and glasses with corrective lenses (27.8%). A higher price increase was observed for imported products, i.e. 38.0% year-on-year (+2.7 in April) against 20.5% for local products (+1.0% in April). Consumer Price Index for the whole country by consumption function: General index: +26.7% over one year and +1.6% for the month of April 2022 Food and non-alcoholic beverages: month +1.9%, year +27.7% Alcoholic beverages and tobacco: month (+1.2%) , year (+14.5)% Clothing and footwear: month +2.3%, year +29.5% Housing, water, gas, electricity and other fuels: month +0.8%, year +29.2% Furniture, household items and routine household maintenance: month +2.1%, year +25.7% Health: month +2.2%, year +25.2% Transport: month +0.6%, year +30.9% Communication: month +0.9%, year +6.2% Leisure: month +1.2%, year +14.5% Education: month (), year +7.9% Restaurants: month +1.2%, year +34.2% Miscellaneous goods and services: month +1.8%, year 26.1% Annual change in the CPI (inflation): Global CPI: 2021 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%; April 26.7% CPI for Local Products: 2021 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%; April 20.5% CPI of Imported Products: 2021 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%; April 38.0% See also : https://www.haitilibre.com/en/news-36701-haiti-economy-inflation-at-the-26-threshold-up.html HL/ HaitiLibre
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