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%.
Dominican Republic Inflation
Inflation stable in February
March 13, 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.