In June, consumer prices added 1.02% over the previous month. Higher prices for housing (+2.97% month-on-month) as well as for food and non-alcoholic beverages (+1.34% mom) were the main drivers behind the monthly reading. The increase in housing prices reflected an 8.02% increase in the June electricity bill adopted by the Electricity Superintendence (SIE, Superintendencia de Electricidad) as a consequence of the continued pick-up in oil prices. That said, the June reading was above the 0.22% rise recorded in May and contrasted with the 0.16% drop recorded in June 2010. Accordingly, annual headline inflation jumped from 8.0% in May to 9.3% in June, the highest level since October 2008. At the current level, inflation sits well above the upper limit of the 5.0%-6.0% target range set by the Central Bank for 2011 for a seventh consecutive month. Despite the continued increase in inflation, at its 29 July meeting, the Bank decided to keep the monetary policy rate unchanged at 6.75%. The Central Bank has now refrained from raising interest rates for the second month in a row, after two consecutive hikes in May and June.
Dominican Republic Inflation
Inflation soars to highest level in almost three years
July 30, 2011
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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.