Dominican Republic Inflation March 2016

Dominican Republic

Dominican Republic: Inflation continues easing in March

April 13, 2016

In March, consumer prices fell 0.01% over the previous month, which followed the 0.56% decrease observed in February. According to the Central Bank, the decrease mainly reflected lower prices for clothing and footwear.

Inflation eased from 1.7% in February to 1.6% in March, which marked the lowest reading in four months. Annual average inflation inched up from February’s 1.0% to 1.1% in March. Headline inflation well remains below the lower bound of the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 4.0% target rate.

At its meeting on 31 March, the Central Bank decided to maintain its monetary policy rate at 5.00%, taking into consideration the inflation outlook as well as the international environment relevant to the Dominican economy.

FocusEconomics Consensus Forecast participants expect inflation to end 2016 at 3.0%, which is down 0.2 percentage points over last month’s projection. Panelists project inflation of 3.2% in 2017.

Author: Massimo Bassetti, Economist

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Dominican Republic Inflation Chart

Dominican Republic Inflation March 2016

Note: Annual and monthly variation of consumer price index in %.
Source: Dominican Republic Central Bank.

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