The Haitian Institute of Statistics and Informatics (IHSI), in its latest bulletin of May 2024, informs that the General Consumer Price Index (CPI, 100 in 2017-2018) which stood at 398.2 in April rose to 404.9 in May, thus recording monthly increases of 1.8% and annual increases of 28.3% against, respectively, 1.8% and 27.3% the previous month.

The increase in observed monthly CPI inflation is the result of almost all consumption functions, the most important of which are:

"Food products and non-alcoholic beverages" : +2.2% over one month and 40.5% over one year;

"Clothing and footwear" : +1.1% over one month and 21.7% over one year;

"Housing, water, gas, electricity and other fuels" : +1.2% over one month and 22.8% over one year;

"Restaurant" +1.9% over one month and 27.0% over one year.

Products with the highest annual inflation:

Food:

Rice (on average 50.4%), Corn (on average 42,6%), Meats (on average 39.4%), Fresh fish (59.1%), Herring (on average 54.5%), Edible oil (49.6%), Lemon (81.1%) and Banana (41.16%).

Article of clothing and shoes :

Clothing manufacturing (29.9%), Dress (28.2%), Shirt (26.2%) and Socks (26.4%).

Housing, water, gas, electricity and other fuels :

Housing rent (26.2%), Charcoal (29.6%) and Propane gas (21.2%)

Furniture, household items and routine household maintenance :

Living room furniture (29.9%), Regular tablecloths (21.1%) and Fan (31.8%).

Restaurant :

Meals taken outside (27.0%)

The prices of local products, for the 4th consecutive time, increased by 28.9% and those of imported products and by +27.3% for imported products (year-on-year.)

Consumer Price Index for the whole country by consumption function :

General index: 1.7% in May 2024 and 28.3% over one year

Food and non-alcoholic beverage products: +2.2% over one month and +40.5% over one year;

Alcoholic beverages and tobacco: +1.2% over one month and +15.4% over one year;

Clothing and footwear: +1.1% over one month and +21.7% over one year;

Housing, water, gas, electricity and other fuels: +1.2% over one month and +22.8% over one year;

Furniture, household items and routine household maintenance: +1.0% over one month and +19.8% over one year;

Health: +0.9% over one month and +7.4% over one year;

Transport: +0.3% over one month and +0.6% over one year;

Communication: +1.1% over one month and +5.1% over one year;

Leisure: +1.0% over one month and +12.9% over one year;

Education: +0.1% over one month and +5.7% over one year;

Restaurants: +1.9% over one month and +27.0% over one year;

Miscellaneous goods and services: +1.2% over one month and +12.2% over one year;

Annual change in CPI (inflation) :

Overall CPI : 2023 May 46.4%; June 43.9%; July 39.8%; August 37.3%; September 31.8%; October 22.8% 2024 January 20.9%; February 23%; March 26.7%; April 27.3%; May 28.3%

Local Products CPI : 2023 May 41.9%; June 41.1%; July 38.6%; August 36.6%; September 31.3%; October 22.7% 2024 January 22.6%; February 23.2%; March 26.8%; April 27.6%; May 28.9%

CPI of Imported Products : 2023 May 53.4%; June 48.2%; July 41.5%; August 38.2%; September 32.6%; October 23.1 2024 January. 21.4%; February 22.9%; March 26.5%; April 26.7%; May 27.3%

CPI by geographic region :

At the regional level, the most significant price increases, year-on-year, are mainly observed in the Reste Ouest (29.8%), South (29.3%) and Metropolitan Area (28.3%) regions.

Metropolitan Area : +28.30% over one year

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

Rest Wes t: +29.6% over one year

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

North : +26.9% over one year

(North, North East and North West Departments);

South : +29.3% over one year

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

Transversal : +27.1% over one year

(Department of Center and Artibonite).

Previous report :

https://www.haitilibre.com/en/news-42470-haiti-economy-inflation-continues-to-rise-+5-in-2-months.html

HL/ HaitiLibre