Honduras: 4.4% YOY Inflation up to September 2019

During the ninth month of the year, the CPI registered a 4.4% variation with respect to September 2018, being health services and housing rentals, the items that registered the most important increases.

Wednesday, October 9, 2019

In September 2019, monthly inflation -measured through the variation of the Consumer Price Index (CPI)- was 0.15%. The Central Bank of Honduras reported that the above is explained by the increase in the prices of rental housing and some services for its maintenance, medicines and health services, counteracted by the reduction in the prices of fuels and some food products.

The report states that "... The items with the greatest contribution to the monthly inflation result were: "Housing, Water, Electricity, Gas and Other Fuels" with 0.08 percentage points (pp); followed by "Health" and "Hotels, Coffee Shops and Restaurants" with 0.03 pp each and "Furniture and Household Maintenance Items" with 0.02 pp. Other items contributed less. These movements were attenuated by negative contributions from the groups "Transport" with -0.03 pp and "Food and Non-Alcoholic Beverages" with -0.01 pp.

In September 2019, the highest inflation occurred in the Southern region (0.61%), as a result of higher prices for health services and some medicines; in addition, the rise in prices of certain foods (fish, dairy products, eggs, papaya, watermelon, melon, jaggery) and meals prepared outside the home and different services contributed.

Minor increases were also recorded in the Central Metropolitan (0.17%), North Metropolitan (0.15%), Rest North and Rest Central (0.06% each) regions. In contrast, there were reductions in average consumer prices in the Eastern (0.12%) and Western (0.03%) regions, where the greatest reductions in the prices of some food products were recorded
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Honduras: 4.1% Y-O-Y Inflation up to March 2019

April 2019

Reported prices for electricity, fuel, some household items and clothing caused much of the monthly change in the CPI recorded in the third month of the year.

From the Central Bank of Honduras report:

In March 2019, the monthly growth of the Consumer Price Index (CPI) was 0.40%, mainly because of the increase in the prices of electricity supply, fuel, some household items and clothing.

Honduras: 4.4% year-on-year inflation Up to September 2018

October 2018

The consumer price index registered a slight monthly variation of 0.03%, due to the increase in the prices of housing rent and some personal care items.

From the Central Bank of Honduras Report:

In September 2018, the Consumer Price Index (CPI) showed a monthly variation of 0.03%, due to the increase observed in the price of housing rents, some personal care items, food consumed in restaurants, furniture and household appliances, which was almost compensated by the negative variation reflected in the national average prices of some agricultural perishable foods. As a result, the accumulated inflation up to September 2018 was 2.90%, lower than the same period of 2017 (3.24%), while the inter-annual inflation was 4.38% (3.66% twelve months ago), remaining within the tolerance range of 4.0% ± 1.0 percentage points, set in the revision of the 2018-2019 Monetary Program.

Honduras: 4.2% YoY Inflation Up to June 2018

July 2018

The consumer price index registered a monthly variation of 0.41%, due to an increase in the prices of fuels, and some foods.

From a report by the Central Bank of Honduras: 

The monthly variation of the Consumer Price Index (CPI) in June of this year was 0.41%, driven mainly by higher prices of fuels, some foods and household items.  

Honduras: 4.2% YoY Inflation in April 2018

May 2018

The consumer price index recorded a monthly variation of 0.22%, due to an increase in the prices of transport and furniture and household items.

From a report by the Central Bank of Honduras:

In April 2018, the Consumer Price Index (CPI) registered a monthly variation of 0.22%, the lowest of the last seven months.  This behavior was influenced by the rise in the price of fuel in the domestic market, as well as some household goods, furniture and appliances.  [GRAFICA caption = "Click to interact with graph"]

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