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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Honduras: 4.1% Y-O-Y Inflation up to March 2019

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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% Y-o-Y Inflation by February 2019

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The prices reported in the categories of Education, and Food and alcoholic beverages, largely explained the monthly variation of the CPI recorded in the second month of the year.

From the Central Bank of Honduras report:

The monthly growth of the Consumer Price Index (CPI) in February 2019 was 0.77%, influenced mainly by the increase in the price of school fees at different levels of private education, as well as the higher price of some food and fuel. As a result, year-on-year inflation stood at 4.09% (4.33% twelve months ago), and accumulated inflation at 0.80%.

Honduras Ended 2018 with 4.2% Inflation

January 2019

In December, the CPI recorded a slight monthly change of 0.2%, because of rising prices of clothing, rental housing, electricity and some medicines.

From the Report of the Central Bank of Honduras:

The Consumer Price Index (CPI) showed a monthly variation of 0.19% in December 2018, same that was lower to the observed in December 2017 (0.65%), linked to the increase in prices of clothing, housing rent, electricity supply and some medicines, being partly compensated by the reduction in the prices of fuels and some perishable foods. While the year on year inflation was at 4.22%1 (4.73% twelve months ago).

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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.  

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