In October, consumer prices added 0.03% over the previous month. Lower prices for transport (-0.96% month-on-month) and for clothing and footwear (-0.37% mom) almost completely offset higher prices for leisure and culture (+0.52% month-on-month), as well as housing (+0.47% mom). The October print was below both the 0.21% rise in September and the 0.67% increase recorded in October 2010. Accordingly, annual headline inflation slowed from 9.6% in September to 8.9% in October. 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 tenth consecutive month. Despite persistently high inflation, the Central Bank still decided to keep the monetary policy rate unchanged at 6.75% at its 30 November meeting. The Bank has now refrained from raising interest rates for the sixth straight month, after two consecutive hikes in May and June.
Dominican Republic Inflation
Inflation moderates notably in October
November 15, 2011
Looking for forecasts related to Inflation in Dominican Republic? Download a sample report now.
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.