For the month of February 2023, (latest data available) inflation is still very high and continues to rise, but at a slower pace, posting a monthly increase of +1.3% and a year-over-year of 48.2%, compared to +1.3% and 49.3% respectively in January 2023. This annual deceleration can be explained, among other things, by the slight improvement that was observed during the period in the availability petroleum products.

The year-on-year increase observed in February 2023 is the result of in particular consumption functions, the most important of which are:

"Food products and non-alcoholic beverages": +1.2% over one month and 48.0% over one year;

"Clothing and footwear": +1.8% over one month and 46.1% over one year;

"Furniture, household items and routine household maintenance": +1.8% over one month and 45.1% over one year

"Health" +1.6% over one month and 45.5% over one year;

"Restaurants" +2.9% over one month and 49.1% over one year.

Products with higher annual inflation:

Food:

Rice (on average 62.9%), meat (on average 63.2%), herring (on average 43.5%), edible oil (89.1%) and sugar (on average 70.2%) .

Clothing and footwear:

Dress (56.8%), shirt (59.2%), men's pants (49.3%), shoes, sneakers (54.7%) and sandals (57.1%)

Furniture, household items and routine household maintenance:

Living room furniture (59.2%), dining room (62.2%), generator (78.2%) and laundry soap (54.0%).

Health:

Medicines (45.9%) and glasses with corrective lenses (60.3%).

Restaurants:

Meals eaten outside (47.1%).

As had been the case for several months, a higher price increase was observed for imported products, ie 59.4% year-on-year compared to 41.3% for local products.

Consumer Price Index for the whole country by consumption function:

General index: 48.2% over one year and +1.3% in February 2023

Food and non-alcoholic beverages: month +1.2%, year 48.0%

Alcoholic beverages and tobacco: month +1.2%, year 28.9%

Clothing and footwear: month +1.8%, year 46.1%

Housing, water, gas, electricity and other fuels: month +1.9%, year 34.5%

Furniture, household items and routine household maintenance: month +1.8%, year 45.1%

Health: month +1.6%, year 45.5%

Transport: month +0.4%, year 108.5%

Communication: month +0.3%, year 26.5%

Leisure: month +0.5%, year 30.5%

Education: month () year 11.2%

Restaurants: month +2.9%, year 47.1%

Miscellaneous goods and services: month +2.4%, year 43.8%

Annual change in the CPI (inflation):

Global CPI: 2022 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%; November 45.5%; December 48.3% 2023 January 49.3%; February 48.2%

CPI for Local Products: 2022 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%; November 37.4%; December 40.9% 2023 January 41.8%; February 41.3%

CPI Imported Products: 2022 February 34.2%; March 36.2%; April 38.0%; May: 40.0%; June 41.7%; July 43.2%; August 44.8%; September 52%; October 61.0%; November 59.1; December 60.2 2023 January 61.5%; February 59.4%

CPI by geographic region:

All geographic regions contributed to the increase in inflation in February 2023. However, the variation in the South is the largest with 48.7%.

Metropolitan area: year +47.8% (+1.1% over one month)

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

Rest West: year +48.5% (+1.4% over one month)

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

North: year +48.3% (+1.5% over one month)

(North, North East and North West Department);

South: year +48.7% (+1.4% over one month)

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

Transversal: year +48.0% (+1.4% over one month)

(Department of Center and Artibonite).

See also :

https://www.haitilibre.com/en/news-39083-haiti-flash-annual-inflation-continues-to-rise-to-493-january-2023.html

HL/ HaitiLibre