In January, consumer prices increased 1.24% over the previous month, which was above the 0.92% rise recorded in December but was below the 1.31% expansion recorded in January 2010. The monthly increase reflected higher prices for transport, as well as for food, alcoholic beverages and tobacco. Annual headline inflation remained at the 6.2% recorded in December. At the current level, inflation sits slightly above the upper limit of the 5.0%-6.0% target range set by the Central Bank for 2011. As a consequence, at its most recent meeting on 28 February, the Central Bank decided to raise the monetary policy rate by 100 basis points to 6.00%. The Central Bank had previously lifted the policy rate in December 2010, which was the first hike since September 2009.
Dominican Republic Inflation
Central Bank raises policy rate
February 8, 2011
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Dominican Republic Economic News
October 21, 2016
The economy grew 5.8% in the third quarter of the year in annual terms, according to preliminary data from the Central Bank.
October 10, 2016
In September, consumer prices increased 0.04% from the previous month, which contrasted the 0.06% decline observed in August.
October 4, 2016
In August, economic activity increased 5.4% over the same month of last year, according to an estimate of the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica).
October 3, 2016
According to detailed data from the Central Bank, the economy grew a robust 8.7% in the second quarter of the year, marking the best result since Q1 2010.
September 7, 2016
In August, consumer prices declined 0.06% over the previous month, which contrasted the 0.19% rise observed in July and marked the lowest reading in four months.