Inflation - Haiti Observer Blog

A graphical view of the Haitian Inflation Rate in recent years will look like a turbulent sea, filled with wave-like undulations that can spell hope of dread for the future within Haitian businesses and households. At the beginning of a new year, the forecast coming out of the Banque de la République d'Haiti, which has the responsibility of reporting the rate, was that the seas were looking calmer for Haiti's inflation rate.

The November 2013 numbers leveled out to a low of 4.20. That was the lowest rate not just for 2013, but was also lower than the lowest mark, 4.9, recorded in July of 2012. Since the inflation rate in the country is a benchmark of the wide fluctuation of prices paid by consumers for the usual quantity of commodities, the news augurs well for the turning tide in the long-suffering country.

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Haitian's can benefit from a small, yet sizeable gift this holiday season of a significantly lowered rate of inflation as well as the most auspicious level of stability in the field of macro-economics. The bearer of this good news was the 24th Government Council which was held recently under the chairmanship of the country's Prime Minister, Laurent Lamothe.

Based on the theme, 'Fight against Corruption and Smuggling; Current Status and Perspectives', the council's meeting was the place to reveal the 4.5% decline to the rate of inflation and the stability of the country's macro-economy, progress that are in thanks to reforms of the economy, public finances and also the government's rationalized spending.

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