Honduras: Inflation Still Accelerating

After the inflationary rhythm went from 3.8% to 4.1% between November and December 2019, during January 2020 the year-on-year CPI was 4.3%.

Monday, February 10, 2020

In the first month of 2020, the monthly variation of the Consumer Price Index (CPI) was 0.24% (0.03% in January 2019), an increase driven by the rise in the price of services related to housing, some food and recreational and cultural items and services. With this result, year-on-year inflation stood at 4.30% (3.95% twelve months earlier), reported the Central Bank of Honduras.

The official report states that "... The monthly behavior of the CPI was determined mainly by the contribution of the heading "Housing, Water, Electricity, Gas and Other Fuels" with 0.05 percentage points (pp); followed by "Food and Non-alcoholic Beverages"; "Recreation and Culture" and "Health" with 0.04 pp, each. To a lesser extent, "Clothing and Footwear" contributed with 0.03 pp; "Furniture and Household Maintenance Items" and "Hotels, Cafeterias and Restaurants" contributed with 0.02 pp each; as well as "Alcoholic Beverages and Tobacco" and "Personal Care" with 0.01 pp each. On the contrary, "Transportation" presented a negative contribution of 0.02 pp."

In January 2020, consumer price indexes recorded increases in all regions nationwide; the most significant being the South (0.69%), because of price increases in some food, alcoholic beverages and tobacco, as well as certain household furniture and appliances. It is followed by the Metropolitan North region (0.55%), as a result of price increases in some medicines and general medical services, meals served outside the home, water supply and some recreational activities, the document states.

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More on this topic

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% year-on-year Inflation up to January 2019

February 2019

During the first month of the year, the rise in the consumer price index was caused by the behavior of the Water and Electricity Supply and Rental Divisions.

The Consumer Price Index (CPI) registered a 0.03% monthly variation in January 2019, the lowest observed in that month since 2016, informed the Central Bank of Honduras.

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 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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