Haiti - Economy : The country sinks into the spiral of inflation
24/06/2017 10:01:58
In May 2017, the Consumer Price Index (100 in August 2004) was 306.0 compared with 298.3 the previous month, with monthly growth of + 1.5% versus + 1.1% in April, an acceleration in annualized inflation of 15.5% against 14.6% in April 2017
Haiti - Economy : Inflation continues towards the 15% - HaitiLibre.com : Haiti news 7/7
The monthly increase in inflation was mainly the result of the behavior of consumption functions, "Food, drinks and tobacco" (+ 1.1%), "Clothing, textiles, footwear" (+ 1.2%), "Rent Housing, Energy And Water (+ 3.0%), Healthcare (+ 0.9%) and Transportation (+ 4.7%).
The positive change in the index "Food, Beverages and Tobacco", which represents over 50% of the household budget comes, among others, from the increase of : rice (+ 1.1%), millet (+ 4.3%), grain corn (+ 1.4%), ground corn (+ 1.1%), of goat meat (+ 1.1%), fresh fish ( + 1.9%), banana (+ 2.0%), giraumon (+ 1.6%), mirliton (+ 2.3%), green pea (+ 1.3%), leek + 1.4%), eggplant (+ 1.9%), carrot (+ 1.8%), tomato (+ 1.3%), yam (+ 1.3%), malanga , cassava (+ 1.1%) of the potato (+ 1.8%) and potato (+ 1.9%), orange (+ 1.4%) and papaya (+ 1.5%).
The rise in the index "Clothing, Textiles and Shoes" is related particularly to price of : tissues (+ 1.9%), suit, jacket universal (+ 1.2%), shirt (+ 1.7%), dress (+ 1.1%) And sandals (+ 1.2%).
The increase in the "Rent of Housing, Energy and Water" index is mainly due to the rise in housing rent (+ 2.7%) and kerosene (+ 17.9%).
The increase in the "Health" index was mainly due to fees paid to doctors (+ 1.4%) and hospitalization expenses (1.6%).
Finally, the upward trend observed in the "Transport" index resulted from higher gasoline and diesel prices (+ 18.9%) and public land transport (+ 3.7%).
Situation in figures by function for the whole country (yoy) :
Food, beverages and tobacco : 14.5%
Apparel and textiles, footwear : 20.2%
Rent housing, energy and water : 22.1%
Development and maintenance of housing : 13.7%
Health : 14.1%
Transport : 7.6%
Leisure, entertainment, education and cultural : 16.1%
Other goods and services : 18.9%
Situation in Figures local products (yoy) : :
Food, beverages and tobacco : 14.5%
Apparel and textiles, footwear : 7.4%
Rent housing, energy and water : 25.2%
Development and maintenance of housing : 21.9%
Health : 13.7%
Transport : 6.9%
Leisure, entertainment, education and cultural : 16.9%
Other goods and services : 2.2%
Situation in figures of imported products (YoY) :
Food, beverages and tobacco : 12.1%
Apparel and textiles, footwear : 20.3%
Rent housing, energy and water : 19.4%
Development and maintenance of housing : 23.1%
Health : 2.4%
Transport : 15.5%
Leisure, entertainment, education and cultural : 19.7%
Other goods and services : 16.5%
General Price Index by Region (Variation on a month) :
Metropolitan area (+ 1.5%)
Rest North (+ 1.6%) (includes the departments of South-East and West)
North (+ 1.4%), (including departments of the North, Northeast and Northwest)
South (+ 1.7%) (including South departments of Grand'Anse and Nippes)
Transversal (+ 1.2%), (including the departments of Centre and Artibonite)
See also :
Haiti - Economy : Inflation continues towards the 15% - HaitiLibre.com : Haiti news 7/7
HL/ HaitiLibre
