Honduras: Inflation Accelerates up to May 2019

Between April and May of this year, the inflationary rhythm grew from 4.9% to 5.1%, mainly because of variations in the prices of fuels, some services and certain foods.

Thursday, June 13, 2019

From the Central Bank of Honduras report:

The items with the highest contribution to monthly inflation were: "Housing, Water, Electricity, Gas and Other Fuels" with 0.09 percentage points (pp); followed by "Transport" and "Food and Non-Alcoholic Beverages" with 0.08 pp, each and "Clothing and Footwear" with 0.04 pp (together contributing 80.6% to monthly inflation). Likewise, the groups "Personal Care" and "Furniture and Household Maintenance Items" each contributed less, with 0.02 pp, and "Health", "Recreation and Culture" and "Hotels, Cafeterias and Restaurants" with 0.01 pp, each.

At the regional level, all zones presented inflationary pressures, influenced mainly by the general growth of fuels and housing rent. The region with the highest monthly price increase was Occidental, registering a 0.74% variation, where the increase in the category of "Food and Non-Alcoholic Beverages", services for the maintenance of housing and some medicines stands out.

The Central Metropolitan and Rest of Central Zones presented 0.42% and 0.41% price increases, respectively, highlighting the increase in the price of clothing, medicines and personal care items. The rest of the regions presented monthly inflation, as well: North Metropolitan 0.34%, Rest North 0.33% (in these two regions the variation of food was negative), South 0.25% and East 0.16%.

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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).

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.