The Haitian Institute of Statistics and Informatics (IHSI) to consider, in addition to other things, the adjustments in the family unit utilization structure, to enhance computation techniques by following the most recent global benchmarks and proposals around there, changd the base 100 Consumer Price Index (CPI) from 2004 to another base 100 file, 2017-2018, which will better mirror the development of swelling in Haiti. This work has been finished with the specialized help of the International Monetary Fund (IMF).
Harry Salomon, Director of Economic Statistics clarified the decision of the 2017-2018 period as a gauge “It was chosen to utilize financial year 2017/2018 as the base time of the new file, since it is now the value accumulation for the new results of the utilization crate has begun. It is thusly impractical to dependably recalculate the list as indicated by the new procedure in the new classification for the periods going before monetary year 2018, since the costs for specific things are not accessible […]”.
“The 2012 Survey of Household Living Conditions after the 2012 seismic tremor was the fundamental hotspot for deciding the new weights. These depend on both money related and non-fiscal uses, including family unit creation for their very own utilization in urban and provincial regions. Costs are gathered routinely in 9 neighborhoods in the metropolitan territory and in 36 commonplace towns, in broad daylight markets, general stores, supermarkets, claim to fame shops, eateries and shops.
The utilization crate of the new CPI incorporates 156 things created, contrasted with 140 in the base 100 CPI in August 2004, disseminated among the 12 divisions of the International Classification of Individual Consumption Functions Classification of Individual Consumption According to Purpose (COICOP). For each position, at least one explicit assortments are chosen to speak to the position. With the change to the new base, the rundown of observed assortments has been refreshed from 287 to 350 assortments in the new file.”
The new IPC list base 100, 2017-2018 will apply from the production of October 2018.