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Haiti - Economy : Falling inflation remains high at 20.9% (January 2024) 27/02/2024 10:38:02
The observed increase in monthly inflation of 1.1% is the result in particular of consumption functions, the most important of which are: "Food products and non-alcoholic drinks": +3.0% over one month and 28.1% over one year; "Clothing and footwear": +1.8% over one month and 17.6% over one year; "Housing, water, gas, electricity and other fuels": +0.8% over one month and 26.1% over one year; "Furniture, household items and routine household maintenance": +1.7% over one month and 17.82% over one year; "Miscellaneous goods and services" +1.5% over one month and 10.1% over one year. Products with the highest annual inflation: Food: Rice (on average 29.4%), millet (31.5%), meat (on average 30.7%), fresh fish (49.5%), herring (on average 42.8%), edible oil ( 44.6%) and Lemon (73.1%). Article of clothing and shoes: Clothing manufacturing (21.0%), Dress (23.8%), Shirt (21.7%) and Socks (21.6%). Housing, water, gas, electricity and other fuels: Housing (39.9%), water (32.5%) and charcoal (18%). Furniture, household items and routine household maintenance: Living room furniture (28.2%), Curtains (18.7%) and Fan (32.7%). Restaurants: Meal prices outside (21.7%). The prices of local products and those of imported products increased by +22.6% and +21.4% respectively, year-on-year. Consumer Price Index for the whole country by consumption function: General index: 1.1% in January 2024 and 20.9% over one year Food and non-alcoholic beverage products: +1.5% over one month and +28.3% over one year; Alcoholic beverages and tobacco: +0.3% over one month and +9.1% over one year; Clothing and footwear: +0.7% over one month and +16.5% over one year; Housing, water, gas, electricity and other fuels: +0.9% over one month and +25.2% over one year; Furniture, household items and routine household maintenance: +0.6% over one month and +17.5% over one year; Health: annual basis: +0.4% over one month and +6.2% over one year; Transport: +0.1% over one month and +0.2% over one year; Communication: +0.1% over one month and +2.7% over one year; Leisure: +0.4% over one month and +8.2% over one year; Education: +0% over one month and +3.5% over one year; Restaurants: +1.3% over one month and +17.4% over one year; Miscellaneous goods and services: +0.5% over one month and +7.9% over one year; Annual change in CPI (inflation): Overall CPI: 2023January 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%; October 22.8% 2024 January 20.9% Local Products CPI: 2023January 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%; October 22.7% 2024 January 22.6% CPI of Imported Products: 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%; October 23.1 2024 January. 21.4% CPI by geographic region: It is especially the North, the South and the transverse region which recorded the highest price increases: Metropolitan Area: +19.1% over one year (Port-au-Prince, Delmas, Pétion-ville, Carrefour and Croix des Bouquet); Rest West: +22.0% over one year (South-East and West Departments without the metropolitan area); North: +19.1% over one year (North, North East and North West Departments); South: +23.0% over one year (Department of South, Grande-Anse and Nippes); Transversal: +20.08% over one year (Department of Center and Artibonite). HL/ HaitiLibre
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