In June, consumer prices rose 0.21% over the previous month, contrasting the 0.27% drop seen in May. The reading was driven by a pick-up in prices for food and non-alcoholic beverages as well as for alcoholic beverages and tobacco. Despite the monthly increase, annual headline inflation dropped from 3.5% in May to 2.7% in June, 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 28 June meeting the Central Bank left the monetary policy rate unchanged at 6.00%, following a 0.75 percentage-point cut in May. The Central Bank does not see a pick-up in inflationary pressures in the medium term and expects that inflation will remain in the lower part of the tolerance range around the target for the rest of the year.
Dominican Republic Inflation
Inflation eases further in June
July 12, 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 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.