In September, consumer prices jumped 0.65% over the previous month, which was below the 1.01% increase seen in August. According to the Central Bank, the reading was mainly driven by strong increases in prices for food and non-alcoholic beverages as well as for transport and education. As a result, annual headline inflation rose from 2.2% in August to 2.6% in September, the highest reading in three 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 27 September meeting the Central Bank left the monetary policy rate unchanged at 5.00%, following a rate cut at the previous meeting in August.
Dominican Republic Inflation
Inflation rises in September
October 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.