Dominican Republic: Inflation moderates in April
May 15, 2013
In April, consumer prices fell 0.06% over the previous month, which contrasted the 0.38% increase seen in March. Lower prices for transportation as well as for recreation and culture more than offset higher prices for furniture and healthcare.
As a result of the monthly drop, annual headline inflation inched down from 5.0% in March to 4.9% in April. At the current level, inflation sits within the Central Bank's target of 5.0% with a 1.0 percentage point tolerance margin.
Meanwhile, at its 30 April meeting, the Central Bank left the monetary policy rate unchanged at 5.00%, following a similar decision in March.
FocusEconomics Consensus Forecast participants expect inflation to end the year at 5.7%, which is unchanged over last month's projection. For 2014, panellists anticipate that inflation will moderate to 4.7% by year-end.
Author: Armando Ciccarelli, Head of Data Solutions