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Slight slowdown in inflation rate in Haiti

This represents a decrease of 2.5 percentage points compared to May and June and a decrease of 4.5 percent year-on-year; However, according to the state authority’s assessment, the rates remain high.

The main products that influenced inflation were food and non-alcoholic beverages with an increase of 0.1 percent in a month and 48 percent in a year, clothing and footwear with an increase of 0.9 percent in a month and 32.7 percent year-on-year.

The strongest increases in the interim annual rate were again recorded by foods such as rice (41.4 percent), meat (62.7 percent), milk (41.4 percent) as well as cooking oil and sugar at 57.1 and 40 percent, respectively.

Inflation is having a serious impact on food insecurity, which currently affects approximately 4.35 million Haitians, more than a million of whom are in urgent need of assistance.

The National Food Safety Commission data represents an 11 percent decline compared to the first quarter of the year, but is alarming, the agency warned.

The United Nations World Food Program warned last week that 44 percent of Haitians face high levels of food insecurity due to gang violence, economic downturns and weather events.

The slight improvement is due to the availability of fuel after a period of crisis, allowing travel across the country and the use of alternative routes for the transport of goods, the agency said.

NMR/an