Identifier
Created
Classification
Origin
06PORTAUPRINCE1641
2006-09-05 11:58:00
UNCLASSIFIED
Embassy Port Au Prince
Cable title:
HAITI: JULY INFLATION ROSE .6 PERCENT
how-toVZCZCXRO1119 PP RUEHQU DE RUEHPU #1641 2481158 ZNR UUUUU ZZH P 051158Z SEP 06 FM AMEMBASSY PORT AU PRINCE TO RUEHC/SECSTATE WASHDC PRIORITY 3951 INFO RUEHZH/HAITI COLLECTIVE PRIORITY RUEHBR/AMEMBASSY BRASILIA PRIORITY 1207 RUEHSA/AMEMBASSY PRETORIA PRIORITY 1049 RUEHQU/AMCONSUL QUEBEC PRIORITY 0569 RUCPDOC/DEPT OF COMMERCE WASHDC PRIORITY RUEATRS/DEPT OF TREASURY WASHDC PRIORITY
UNCLAS PORT AU PRINCE 001641
SIPDIS
SIPDIS
STATE FOR WHA/CAR
EB/IFD
S/CRS
SOUTHCOM ALSO FOR POLAD
STATE PASS TO USAID FOR LAC/CAR
INR/IAA (BEN-YEHUDA)
COMMERCE FOR SCOTT SMITH
TREASURY FOR JEFFERY LEVINE
WHA/EX PLEASE PASS USOAS
E.O. 12958: N/A
TAGS: ECON EAID PGOV HA
SUBJECT: HAITI: JULY INFLATION ROSE .6 PERCENT
UNCLAS PORT AU PRINCE 001641
SIPDIS
SIPDIS
STATE FOR WHA/CAR
EB/IFD
S/CRS
SOUTHCOM ALSO FOR POLAD
STATE PASS TO USAID FOR LAC/CAR
INR/IAA (BEN-YEHUDA)
COMMERCE FOR SCOTT SMITH
TREASURY FOR JEFFERY LEVINE
WHA/EX PLEASE PASS USOAS
E.O. 12958: N/A
TAGS: ECON EAID PGOV HA
SUBJECT: HAITI: JULY INFLATION ROSE .6 PERCENT
1. According to the latest figures from the Haitian
Statistical Institute, overall inflation for July 2006 was .6
percent, resulting in an annual increase of 12.6 percent
since July 2005. This is due to a price increases in
clothing (4.3 percent),housing (5.6 percent),water (1.5
percent),energy (1.1 percent for propane gas),and health
costs (9.8 percent). With rising prices and the school year
beginning today, government employees are pressuring the GOH
for a "fourteenth month" payment to help with school costs.
(Note: At US $400 per capita GDP, it is estimated parents
spend 25 percent of their salary -- about US $100 -- to send
one child to school each academic year. The "fourteenth
month" salary payment is a vestige of former President Jean
Bertrand Aristide, which many government workers have come to
expect. End note.)
2. Comment: A high inflation rate continues to plague Haiti.
The IMF has targeted a single digit inflation rate for the
next calendar year and claims that this is the greatest
benefit the government could give Haiti's poor, to whom
immediate purchasing power is more important than other
long-term goals set out by the new government.
TIGHE
SIPDIS
SIPDIS
STATE FOR WHA/CAR
EB/IFD
S/CRS
SOUTHCOM ALSO FOR POLAD
STATE PASS TO USAID FOR LAC/CAR
INR/IAA (BEN-YEHUDA)
COMMERCE FOR SCOTT SMITH
TREASURY FOR JEFFERY LEVINE
WHA/EX PLEASE PASS USOAS
E.O. 12958: N/A
TAGS: ECON EAID PGOV HA
SUBJECT: HAITI: JULY INFLATION ROSE .6 PERCENT
1. According to the latest figures from the Haitian
Statistical Institute, overall inflation for July 2006 was .6
percent, resulting in an annual increase of 12.6 percent
since July 2005. This is due to a price increases in
clothing (4.3 percent),housing (5.6 percent),water (1.5
percent),energy (1.1 percent for propane gas),and health
costs (9.8 percent). With rising prices and the school year
beginning today, government employees are pressuring the GOH
for a "fourteenth month" payment to help with school costs.
(Note: At US $400 per capita GDP, it is estimated parents
spend 25 percent of their salary -- about US $100 -- to send
one child to school each academic year. The "fourteenth
month" salary payment is a vestige of former President Jean
Bertrand Aristide, which many government workers have come to
expect. End note.)
2. Comment: A high inflation rate continues to plague Haiti.
The IMF has targeted a single digit inflation rate for the
next calendar year and claims that this is the greatest
benefit the government could give Haiti's poor, to whom
immediate purchasing power is more important than other
long-term goals set out by the new government.
TIGHE