In March, consumer prices added 0.15% over the previous month, which was below the 0.35% rise seen in February. Higher prices for alcoholic beverages and tobacco as well as for transport were the main drivers of the monthly increase. Meanwhile, annual headline inflation dropped from 6.0% in February to 4.9% in March, which marks the lowest level since November 2009. At the current level, inflation sits within the 4.5%-6.5% inflation target set by the Central Bank in its Monetary Policy Program for 2012. Building on the favourable inflation scenario, the Central Bank kept the monetary policy rate unchanged at 6.75% at its 30 March meeting. The Bank has now refrained from raising interest rates for ten straight months, after two consecutive hikes in May and June 2011.
Dominican Republic Inflation
Inflation drops to lowest level in more than two years
April 13, 2012
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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.