During the month of February 2016 the General Index of Consumer Prices (base 100 in August 2004), which stood at 255.5 in January 2016 rose to 258.7 in February 2016, thus continuing its acceleration upwards in February by of + 1.3% and +14.4% yoy supported by a political climate of uncertainty. Inflation already exceeds the forecast of the BRH which provided 13.9% in March and 14.1% in April of this year https://www.haitilibre.com/en/news-16738-haiti-economy-the-brh-expects-an-inflation-above-14-end-of-march.html

Note that due to the weakness of our currency against the US dollar, the price increase has been much more pronounced in imported products (+ 1.4%) than local products (+ 1.1% ).

The functions that have contributed most to this monthly increase of 1.3% are mainly: "Food, drinks and tobacco" (+ 1.2%), "Clothing, Textiles and Footwear" (+ 2.1%), "Housing Rent, Energy and water '(+ 1.3%), "Planning and Housing Maintenance" (+ 1.6%) and "Other Goods and Services" (+ 1.4%).

The progress of the function "Food, drinks and tobacco" which represents over 50% of the household budget comes from among others the rice prices (+ 1.3%), millet (+ 1.3%), ground corn (+1, 2%) and wheat flour (1.4%), poultry (+ 1.3%), avocado (+ 1.9%), bananas (+ 2.4%), the giraumont (+ 1.6%), the marker (+ 2.9%), dry peas (+ 1.0%), cabbage (+ 2.5%), tomatoes (+ 1.5%), tomato pulp (+ 1.6%), yams (+ 2.0%), the malanga (+ 1.6%), cassava (+ 2.4%), the potato (+2, 4%), of potatoes (+ 2.8%), orange (+ 2.8%), the chadèque (+ 1.7%), lemon (+ 2.4%), raw sugar (+ 3.4%) and refined sugar (+ 1.3%).

The increase in the "Clothing, Textiles and Footwear" function is mainly due to the increase in products such as tissues (+ 2.8%), suit, jacket Universal (+ 2.2%), trousers for men (+ 1.7% ), dress (+ 4.6%), and tennis shoes (+ 2.0%) and sandals (+ 1.8%).

The increase in the function "Rent Housing, Energy and Water" of + 0.9% is mainly due to changes in housing rent (+ 2.2%) and water supply (+ 1.1%).

The increase at the "Development and Housing Maintenance" function is mainly due to lounge furniture (+ 2.2%), dining room (+ 3.2%), bed (+ 3.2%), mattresses (+ 3.9%), bed linen (+ 2.5%), curtains (+ 2.7%), refrigerator (+ 2.8%) and disinfectant (+ 6.6%).

Finally, products that contributed most to the increase in the "Other Goods and Services" are: toothpaste (+ 2.4%), shampoo (+ 3.4%), toilet powder (+5 , 4%) and body cream (+ 5.4%).

Situation in figures by function for the whole country (yoy) :

Food, beverages and tobacco : 16.1%

Apparel and textiles, footwear : 21.7%

Rent housing, energy and water : 11.2%

Development and maintenance of housing : 14.9%

Health : 10.9%

Transport : 3.7%

Leisure, entertainment, education and cultural : 12.7%

Other goods and services : 20.5%

Situation in Figures local products (yoy) : :

Food, beverages and tobacco : 19.9%

Apparel and textiles, footwear : 13.6%

Rent housing, energy and water : 10.6%

Development and maintenance of housing : 15.9%

Health : 12.9%

Transport : 3.9%

Leisure, entertainment, education and cultural : 8.7%

Other goods and services : 8.2%

Situation in figures of imported products (YoY) :

Food, beverages and tobacco : 6.9%

Apparel and textiles, footwear : 23.7%

Rent housing, energy and water : 0.2%

Development and maintenance of housing : 25.3%

Health : 5.0%

Transport : 0.5%

Leisure, entertainment, education and cultural : 38.3%

Other goods and services : 20.3%

General Price Index by Region (Variation on a month) :

Metropolitan area (+ 1.2%)

Rest North (+ 1.2%) (includes the departments of South-East and West)

North (+ 1.3%), (including departments of the North, Northeast and Northwest)

South (+ 1.5%) (including South departments of Grand'Anse and Nippes)

Transversal (+ 1.3%), (including the departments of Centre and Artibonite)

See also :

https://www.haitilibre.com/en/news-16671-haiti-economy-inflation-continues-to-accelerate-exceeding-13.html

HL/ HaitiLibre