In April, consumer prices increased 0.87% over the previous month. The monthly increase reflected higher prices for transport, as well as for housing. While the reading was below the 1.16% rise recorded in March, it was above the 0.35% increase recorded in April 2010. Accordingly, annual headline inflation jumped from 7.6% in March to 8.2%. 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 a fifth consecutive month. Despite the continued increase in inflation, at its 30 May meeting, the Bank decided to keep the monetary policy rate unchanged at 6.75%. The decision marked a pause in the tightening cycle, after two consecutive hikes in April and May.
Dominican Republic Inflation
Central Bank holds policy rate steady
June 2, 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.