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Haiti - Economy : Inflation slows on an annual basis (August-September) 02/11/2023 08:53:21
The year-on-year increase observed in September 2023 of 31.8% is the result in particular of consumption functions, the most important of which are: "Food products and non-alcoholic beverages": +3.1% over one month and 29.3% over one year; "Clothing and footwear": +1.0% over one month and 24.3% over one year; "Housing, water, gas, electricity and other fuels": +1.8% over one month and 39.1% over one year "Furniture, household items and routine household maintenance": +1.3% over one month and 26.1% over one year Products having recorded more pronounced annual inflation: Food: Rice (on average 31.0%), meat (on average 41.8%), milk (on average 31.4%), edible oil (43.4%) and sugar (on average 29.0%) . Article of clothing and shoes: Dress (32.5%), shirt (26.3%), men's pants (20.9%), shoes, sneakers (23.1%) and sandals (24.7%) Furniture, household items and routine household maintenance: Living room furniture (39.2%), dining room (22.0%), generator (30.8%) and laundry soap (26.5%). Housing, water, gas, electricity and other fuels: Housing rent (48.5%), charcoal (23.5%), propane gas (21.0%) and kerosene (86.5%) The prices of local products and those of imported products increased respectively by 2.2% and 2.5% month-on-month, and by 31.3% and 32.5% year-on-year. Consumer Price Index for the whole country by consumption function: General index: 37.3% over one year in August 2023 and 29.3% over one year in September. Non-alcoholic food and beverage products: annual basis, August: 35.3%; September 38.0% Alcoholic beverages and tobacco: annual basis, August: 17.8%; September 13.1% Clothing and footwear: annual basis, August: 29.5%; September 24.3% Housing, water, gas, electricity and other fuels: annual basis, August: 42.8%; September 39.1% Furniture, household items and routine household maintenance: annual basis, August: 31.7%; September 26.2% Health: annual basis: August: 24.4%; September 19.8% Transport: August: 91.4%; September 86.7% Communication: August: 17.1%; September 13.3% Leisure: August: 20.1%; September 16.4% Education: August: 12.4%; September 8.9% Restaurants: August: 32.6%; September 25.7% Miscellaneous goods and services: August: 22%; September 18.0% Annual change in CPI (inflation): CPI Overall: 2022 September 38.7%; October 47.2%; November 45.5%; December 48.3% 2023 January 49.3%; February 48.2%; March 48.3%; April 47.9%; May 46.4%; June 43.9%; July 39.8%; August 37.3%; September 31.8% Local Products CPI: 2022 September 30.9% October 39.0%; November 37.4%; December 40.9% 2023 January 41.8%; February 41.3%; March 42.3%; April 42.6%; May 41.9%; June 41.1%; July 38.6%; August 36.6%; September 31.3% CPI of Imported Products: 2022 September 52.0%; October 61.0%; November 59.1%; December 60.2% 2023 January 61.5%; February 59.4%; March 57.8%; March 56.1%; April 56.1%; May 53.4%; June 48.2%; July 41.5%; August 38.2%; September 32.6% CPI by geographic region: All geographic regions contributed to the rise in inflation. However, the variation Rest West (33.6%) and South (32.8%) are the largest. Metropolitan Area: annual basis, August 35.4%; September 29.8% (Port-au-Prince, Delmas, Pétion-ville, Carrefour and Croix des Bouquet); Rest West: annual basis, August 39.0%; September 33.6% (South-East and West Departments without the metropolitan area); North: annual basis, August 37.5%; September 32.8% (North, North East and North West Departments); South: annual basis, August 38.4%; September 32.8% (Department of South, Grande-Anse and Nippes); Transversal: annual basis, August 37.7%; September 32.6% (Department of Center and Artibonite). See also : https://www.haitilibre.com/en/news-40585-haiti-economy-inflation-falls-but-remains-close-to-40-july-2023.html HL/ HaitiLibre
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