In December, consumer prices increased 0.92% over the previous month, almost three times the 0.31% rise recorded in November. The monthly increase reflected higher prices for housing as well as for food, alcoholic beverages and tobacco. As a result of the monthly increase, annual headline inflation jumped from 5.4% in November to 6.2% in December, which was in line with Central Bank estimates. Despite the pick-up in inflation, the Central Bank decided to keep the monetary policy rate unchanged at 5.00% for a third consecutive month its 31 January policy meeting. The Central Bank last lifted the policy rate in November 2010, which was the first hike since September 2009. The Central Bank has set 5.0%-6.0% target-range for 2011 and expects inflation to end the year within this range.
Dominican Republic Inflation
Central Bank leaves rates unchanged for a third consecutive month
January 31, 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.