Dominican Republic: Inflation continues to increase in October
November 15, 2012
In October, consumer prices rose 0.24% over the previous month, which was a fraction of the 0.65% increase seen in September. According to the Central Bank, the reading was mainly driven by strong increases in prices for transport and housing. As a result, annual headline inflation rose from 2.6% in September to 2.8% in October, the highest reading in five months. At the current level, inflation sits well below the Central Bank's target of 5.5% with a 1.0 percentage point tolerance margin set in the Monetary Policy Program for 2012. Meanwhile, at its 30 November meeting the Central Bank left the monetary policy rate unchanged at 5.00%, following a similar decision in October.