In October, consumer prices rose 0.24% over the previous month, which was below the 0.65% increase seen in September. According to the Central Bank, the reading was mainly driven by strong increases in prices for transport and housing, which more than offset lower prices for clothing and footwear. As a result, annual inflation rose from 2.6% in September to 2.8% in October, the highest reading in five months. 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. At its 31 October meeting, the Central Bank left the monetary policy rate unchanged at 5.00%, following a similar decision in September.
Dominican Republic Inflation
Inflation continues to gain momentum in October
November 14, 2012
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Dominican Republic Inflation Chart
Note: Annual and monthly variation of consumer price index in %.
Source: Dominican Republic Central Bank.
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.