In March, consumer prices rose 0.52% over the previous month, which marked the highest rate since August 2013 and was above the 0.34% rise recorded in February. According to the Central Bank, the increase mainly reflected higher prices for food and non-alcoholic beverages as well as for transportation. Annual headline inflation rose from 2.8% in February to 3.0% in March and marked the highest rate so far this year. Inflation remains below the Central Bank's tolerance margin of plus/minus 1.0 percentage points around its 4.5% target rate. The Central Bank maintained its monetary policy rate at 6.25% at its 31 March meeting, which followed a similar decision in February. The Bank's decision to maintain the rate reflects subdued inflationary pressures and healthy domestic growth. FocusEconomics Consensus Forecast participants expect inflation to end the year at 4.7%, which is unchanged over last month's projection. Panelists project that inflation will moderate to 4.3% in 2015.
Dominican Republic Inflation
Inflation increases in March
April 7, 2014
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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.