In February, consumer prices increased 1.20% over the previous month. The monthly increase reflected higher prices for transport, as well as for food, alcoholic beverages and tobacco. The reading was slightly below the 1.24% rise recorded in January but considerably above the 0.14% increase recorded in February 2010. Accordingly, annual headline inflation jumped to 7.3% from 6.2% in January. 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 third consecutive month. As a consequence, at its most recent meeting on 1 April, the Bank decided to raise the monetary policy rate by 25 basis points to 6.25%. The decision marked the second tightening move since the beginning of 2010, following on a 100 basis points hike in February.
Dominican Republic Inflation
Central Bank raises policy rate for second consecutive meeting
March 23, 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.