In September, consumer prices added 0.21% over the previous month. Higher prices for education (+2.29% month-on-month) as well as housing (+0.72% mom) were the main drivers behind the increase. The September print was below both the 0.50% rise in August and the 0.77% increase recorded in September 2010. Accordingly, annual headline inflation slowed from 10.2% in August to 9.6% in September. 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 ninth consecutive month. Despite persistently high inflation, at its 31 October meeting, the Central Bank decided to keep the monetary policy rate unchanged at 6.75%. The Bank has now refrained from raising interest rates for the fifth straight month, after two consecutive hikes in May and June.
Dominican Republic Inflation
Inflation moderates in September
October 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).
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.