In July, consumer prices dropped 0.20% over the previous month, which contrasted the 0.21% increase seen in June. The reading was driven by decreases in prices for housing as well as for transport. As a result, annual headline inflation fell from 2.7% in June to 1.6% in July, which marks the lowest rate since October 2009. At the current level, inflation sits well below the Central Bank's target of 5.5% with a 1.0 percentage point tolerance margin set in the Monetary Policy Program for 2012. Building on the favourable inflation scenario, at its 31 July meeting the Central Bank cut the monetary policy rate by 50 basis points to 5.50% from 6.00%. The Central Bank does not see a pick-up in inflationary pressures in the medium term and expects that inflation will end the year below the lower part of the tolerance range around the target.
Dominican Republic Inflation
Inflation continues on downward trend
August 10, 2012
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Dominican Republic Economic News
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.
August 25, 2016
The economy grew 8.7% in the second quarter of the year in annual terms, according to preliminary data from the Central Bank.