For the month of March 2023, (latest data available) inflation remains high and continues to rise showing a monthly increase of 1.7% and a year-on-year increase of 48.3%, against 1.3% and 48.2% for the month of February 2023

The year-on-year increase observed in February 2023 is the result of in particular consumption functions, the most important of which are:

"Food products and non-alcoholic beverages": +2% over one month and 48.1% over one year;

"Clothing and footwear": +1.3% over one month and 44.7% over one year;

"Furniture, household items and routine household maintenance": +2.0% over one month and 44.9% over one year

"Health": +2.0% over one month and 45.3% over one year;

"Transport": +0.4% over one month and 108.1% over one year;

"Miscellaneous goods and services": +1.4% over one month and 43.2% over one year.

Products with higher annual inflation:

Power:

Rice (on average 58.9%), meat (on average 64.5%), milk (on average 42.9%), edible oil (76.6%) and sugar (on average 66.2%) .

Clothing and footwear:

Dress (54.0%), shirt (56.6%), men's pants (47.6%), shoes, sneakers (52.0%) and sandals (54.4%)

Furniture, household items and routine household maintenance:

Living room furniture (56.9%), dining room (59.1%), generator (74.1%) and laundry soap (52.8%).

Health:

Medicines (45.8%) and glasses with corrective lenses (58.6%).

Transportation:

Petrol and diesel (129.4%), daily transport (121.7%).

Miscellaneous goods and services:

Toilet soap (54.6%).

As had been the case for several months, a greater price increase was observed for imported products, ie 57.8% year-on-year compared to 42.3% for local products.

Consumer Price Index for the whole country by consumption function:

General index: 48.3% over one year and +1.7% over the month of March 2023

Food and non-alcoholic beverages: month +2.0%, year 48.1%

Alcoholic beverages and tobacco: month +1.0%, year 28.7%

Clothing and footwear: month +1.3%, year 44.7%

Housing, water, gas, electricity and other fuels: month +1.9%, year 36.0%

Furniture, household items and routine household maintenance: month +2.0%, year 44.9%

Health: month +2.0%, year 45.3%

Transport: month +0.4%, year 108.1%

Communication: month +1.1%, year 26.9%

Leisure: month +0.8%, year 30.0%

Education: month () year 11.2%

Restaurants: month +0.8%, year 46.5%

Miscellaneous goods and services: month +1.4%, year 43.2%

Annual change in the CPI (inflation):

Global CPI: March 2022 25.9%; April 26.7%; May 27.7%; June 29.0%; July 30.5%; August 32.0%; September 38.7%; October 47.2%; November 45.5%; December 48.3% 2023 January 49.3%; February 48.2%; March 48.3%

CPI for Local Products: 2022 March 20.2%; April 20.5%; May 21.0%; June 21.8%; July 23.2%; August 24.6%; September 30.9% October 39.0%; November 37.4%; December 40.9% 2023 January 41.8%; February 41.3%; March 42.3%

CPI Imported Products: 2022 March 36.2%; April 38.0%; May: 40.0%; June 41.7%; July 43.2%; August 44.8%; September 52%; October 61.0%; November 59.1; December 60.2 2023 January 61.5%; February 59.4%; March 57.8%

CPI by geographic region:

All geographical regions contributed to the increase in inflation in March 2023. However, the variation in the South is the largest with 49.1%

Metropolitan area: year +47.9% (+1.7% over one month)

(Port-au-Prince, Delmas, Pétion-ville, Carrefour and Croix des Bouquet);

Rest West: year +48.6% (+1.7% over one month)

(South-East and West Departments without the metropolitan area);

North: year +48.2% (+1.5% over one month)

(North, North East and North West Department);

South: year +49.1% (+1.9% over one month)

(Department of the South, Grande-Anse and Nippes);

Transversal: year +48.1% (+1.6% over one month)

(Department of Center and Artibonite).

See also :

https://www.haitilibre.com/en/news-39420-haiti-flash-annual-inflation-remains-high-at-482-february-2023.html

HL/ HaitiLibre