Honduras: 4% Inflation at the End of 2019

The variation in the price of some foods of agricultural origin, transport and health, determined the 4.08% year-on-year increase in the CPI reported in December last year.

Friday, January 10, 2020

In December 2019, the Consumer Price Index (CPI) showed a 0.42% variation (0.19% in December 2018), reflecting the price increase in some foods of agricultural origin, transport and health. The Central Bank of Honduras (BCH) reported that year-on-year inflation stood at 4.08% (4.22% in the previous year).

The report states that "... The monthly behavior of the CPI was determined mainly by price increases in the "Food and Non-alcoholic Beverages" category with 0.23 pp. To a lesser extent, the following items contributed: "Transportation" with 0.06 pp; "Health" with 0.03 pp; "Clothing and Footwear"; "Housing, Water, Electricity, Gas and Other Fuels"; "Furniture and Home Maintenance Items" and "Hotels, Coffee Shops and Restaurants" contributed with 0.02 pp, each one; followed by the items "Recreation and Culture" and "Personal Care" that contributed with 0.01 pp, each one.

The monthly growth of the index of this classification was of 0.74%, mainly because of the increase in the price of eggs and beans, as well as some vegetables and roots, among which are potatoes, tomatoes, carrots, bananas and cabbages; also, an increase was registered in the price of chicken meat and beef. These increases were partly compensated by the reduction in the price of foods such as lettuce, avocado, corn, fish fillet, apples, sweet peppers, milk, butter and lard, among others.

The higher prices of vehicles, regular gasoline and international air passenger transport services (because of the high season at the end of the year), caused the price index of this category to increase by 0.62%, during December 2019. However, there were reductions in the average prices of diesel and super gasoline.
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See full document (in Spanish).

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