In April, consumer prices were virtually flat over the previous month, which was below the 0.15% rise seen in March. Higher prices for communication as well as for alcoholic beverages and tobacco were almost completely offset by lower prices for food and recreation. As a result, annual headline inflation dropped from 4.9% in March to 4.0% in April, which marks the lowest level since October 2009, when the country last experienced deflation. At the current level, inflation sits within the +/- 1.0 percentage point tolerance margin around the Central Bank's target of 5.5% set in the 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 April meeting. The Bank last raised interest rates in June 2011.
Dominican Republic Inflation
Inflation moderates further
May 9, 2012
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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.