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Haiti - FLASH : Inflation accelerates and reaches 29% 11/08/2022 08:55:39
Let's recall that in its framework letter for the amending budget for the second half of the 2021-2022 fiscal year, the Government had based its forecasts on an inflation rate of 27.3% year-on-year by October 1 next Download the framework letter (PDF) : https://www.haitilibre.com/docs/lettre-cadrage-du-projet-de-budget-2021-2022.pdf The monthly increase observed in June 2022 is mainly the result of the behavior of the following consumption indices: "Food products and non-alcoholic beverages": +2.6% over one month or 29.1% over one year; "Clothing and footwear": +2.8% over one month or 32.0% over one year; "Furniture, household items and routine household maintenance" +2.6% over one month or 28.1% over one year); "Health": +2.7% over one month or 25.9% over one year; Products with more pronounced annual inflation : Power: Rice (on average 45.1%), millet (27.3%), fresh fish (54.8%), herring (44.1%), cod (29.4%), milk powder (45.8%), edible oil (88.4%), margarine of cooking (24.5%) and sugar on average (42.1%). Clothing and footwear: Manufacture of clothing (22.7%), dress (42.1%), suit, universal jacket (36.8%), shirt (37.8%), men's trousers (33.0%) and shoes and tennis (41.2%). "Furniture, household items and routine household maintenance": Living room furniture (38.7%), dining room (50.5%), bed (40.8%), mattress (47.4%), generator (43.6%), inverter (40.1%) and refrigerator (37.0%). Health: Medicines (28.0%) and glasses with corrective lenses (25.7%) A higher price increase was observed at the level of imported products, i.e. 3.2 monthly and 41.7% year-on-year against 1.6% monthly and 21.8% year-on-year for local products. Consumer Price Index for the whole country by consumption function: General index: +29.0% over one year and +2.2% for the month of June 2022 Food and non-alcoholic beverages: month +2.6%, year +30.7% Alcoholic beverages and tobacco: month (+1.7%) , year (+17.1)% Clothing and footwear: month +2.8%, year +32.0% Housing, water, gas, electricity and other fuels: month +1.2%, year +30.0% Furniture, household items and routine household maintenance: month +2.8%, year +28.1% Health: month +2.7%, year +25.9% Transport: month +1.0%, year +32.7% Communication: month +1.4%, year +8.3% Leisure: month +1.8%, year +16.6% Education: month (), year +7.9% Restaurants: month +2.2%, year +33.1% Miscellaneous goods and services: month +2.3%, year 28.0% Annual change in CPI (inflation): Overall CPI: 2021 16.0%; 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%; May 27.7; June 29.0% CPI for Local Products: 2021 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%; May 21.0%; June 21.8% CPI of Imported Products: 2021 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%; May: 40.0%; June 41.7 CPI by geographic region: The most significant variations in May 2021 year-on-year concern the: South (31.4%), Rest West (29.8%) and Metropolitan Area (29.1%). Metropolitan area: year +29.1% (+2.4% over 1 month) (Port-au-Prince, Delmas, Pétion-ville, Carrefour and Croix des Bouquet); Rest West: year +29.8% (+1.9% over 1 month) (South-East and West Departments without the metropolitan area); North: year +27.6% (+2.1% over 1 month) (North, North East and North West Department); South: year +31.4% (+2.5% over 1 month) (Department of the South, Grande-Anse and Nippes); Transversal: year +27.4% (+2.0% over 1 month) (Department of Center and Artibonite). See also : https://www.haitilibre.com/en/news-37101-haiti-economy-inflation-explodes-government-forecasts.html HL/ HaitiLibre
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