In November, consumer prices added 0.09% over the previous month. Lower prices for food and non- alcoholic beverages (-0.49% month-on-month) almost completely offset higher prices for transport (+0.51% month-on-month). The November print was virtually in line with the 0.03% rise seen in October, but below the 0.31% increase recorded in November 2010. Accordingly, annual headline inflation slowed from 8.9% in October to 8.6% in November. 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 the eleventh consecutive month. Despite persistently high inflation, however, the Central Bank still decided to keep the monetary policy rate unchanged at 6.75% at its 30 December meeting. The Bank has now refrained from raising interest rates for the seventh straight month, after two consecutive hikes in May and June.
Dominican Republic Inflation
Inflation moderates further in November
December 30, 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).
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