Dominican Republic Inflation

Dominican Republic

Inflation stable in February

In February, consumer prices rose 0.34% over the previous month. The increase, which was above the 0.23% rise recorded in January, was mainly due to higher prices for housing and for alcoholic beverages and tobacco. Annual headline inflation stabilized at the previous month's 2.8% in February, thereby holding steady at the lowest level since October 2012. Inflation remains below the Central Bank's tolerance margin of plus/minus 1.0 percentage points around its 4.5% target. The Central Bank maintained its monetary policy rate at 6.25% at its 28 February meeting, which followed a similar decision in January. The Bank's decision to maintain the rate reflects declining inflation 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. For 2015, panelists project that inflation will moderate to 4.3%.

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Dominican Republic Inflation Chart

Dominican Republic Inflation February 2014

Note: Annual and monthly variation of consumer price index in %.
Source: Dominican Republic Central Bank.

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