In March, consumer prices increased 1.16% over the previous month. The monthly increase reflected higher prices for transport, as well as for food, alcoholic beverages and tobacco. The reading was virtually unchanged from the 1.20% rise recorded in February but was above the 0.86% increase recorded in March 2010. Accordingly, annual headline inflation jumped from 7.3% in February to 7.6%. At the current level, inflation sits above the upper limit of the 5.0%-6.0% target range set by the Central Bank for 2011 for a fourth consecutive month. As a consequence, at its 29 April meeting, the Bank decided to raise the monetary policy rate by 25 basis points to 6.50%. The decision marked the third tightening move since the beginning of 2011, following on a 25 basis points hike in March.
Dominican Republic Inflation
Central Bank raises policy rate for third time in 2011
April 29, 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.