February 4, 2023

Radio Haiti Fusion

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Haiti – FLASH : Inflation out of control reached 47.2% over one year

The monthly increase observed in October 2022 is the result of almost all consumption functions, the most important of which are:

“Food products and non-alcoholic beverages”: 12.3% over one month and 53.1% over one year;
“Clothing and footwear”: +10.5% over one month and 49.7% over one year;
“Furniture, household items and routine household maintenance” 11.1% over one month and 46.1% over one year;
“Health” +10.6% over one month and 41.8% over one year).

Products with higher annual inflation:
Power:
Local and imported rice (75.5%), meat (56.2% on average), milk (52.8% on average), dry peas (50.5%);

Clothing and footwear:
Manufacture of clothing (41.7%), dress (52.8%), suit, universal jacket (55.1%), cemise (62.9%) shoes and tennis (59.4%) and sandal 61.2%;

Furniture, household items and routine home maintenance: living room furniture (60.1%) and dining room (61.1%);

Health:
medicines (41.4%) and glasses with corrective lenses (52.3%).

A higher price increase was observed at the level of imported products, i.e. 61.1% year-on-year and 39.0% year-on-year for local products.

Consumer Price Index for the whole country by consumption function:
General index: 47.2% over one year and +11.0% for the month of October 2022

Food and non-alcoholic beverages: month +12.3%, year 53.1%
Alcoholic beverages and tobacco: month +9.3%, year 31.4%
Clothing and footwear: month +10.6%, year 49.7%
Housing, water, gas, electricity and other fuels: month +9.8%, year 40.5%
Furniture, household items and routine household maintenance: month +11.1%, year 46.0%
Health: month +10.6%, year 41.8%
Transport: month +5.8%, year 46%
Communication: month +9.4%, year 30%
Leisure: month +9.4%, year 30.0%
Teaching: month +4.2, year 9.2%
Restaurants: month +8.9%, year 38.8%
Miscellaneous goods and services: month +10.3%, year 41.6%

Annual change in the CPI (inflation):

Global CPI: 2021 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%; July 30.5%; August 32.0%; September 38.7%; October 47.2%

CPI for Local Products: 2021 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%; July 23.2%; August 24.6%; September 30.9% October 39.0%

CPI of Imported Products: 2021 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%; Jun 41.7; July 43.2%; August 44.8%; September 52%; October 61.0%

CPI by geographic region:
The most significant variations in September 2022 year-on-year concern the Metropolitan Area (49.1%) and the South (41.1%).

Metropolitan area: year +49.1% (+11.7% over one month)
(Port-au-Prince, Delmas, Pétion-ville, Carrefour and Croix des Bouquet);

Rest West: year +47.1% (+11.6% over one month)
(South-East and West Departments without the metropolitan area);

North: year +44.7% (+9.9% over one month)
(North, North East and North West Department);

South: year +49% (+10.7% over one month)
(Department of the South, Grande-Anse and Nippes);

Transversal: year +44.5% (+10.4% over one month)
(Department of Center and Artibonite).