In August, consumer prices added 0.50% over the previous month. Higher prices for education (+3.75% month-on-month) as well as for healthcare (+0.50% mom) were the main drivers behind the increase. The August print was below the 0.85% rise in July but was above the 0.22% increase recorded in August 2010. Accordingly, annual headline inflation jumped from 9.9% in July to 10.2% in August, the highest level since October 2008. At the current level, inflation sits above the upper limit of the 5.0%-6.0% target range set by the Central Bank for 2011 for the ninth consecutive month. Despite the continued increase in inflation, at its 28 September meeting, the Central Bank decided to keep the monetary policy rate unchanged at 6.75%. The Bank has now refrained from raising interest rates for the fourth straight month, after two consecutive hikes in May and July.
Dominican Republic Inflation
Inflation rises to highest rate in almost three year
September 29, 2011
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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.