Dominican Republic Inflation November 2016

Dominican Republic

Dominican Republic: Inflation unchanged in November

December 19, 2016

In November, consumer prices in the Dominican Republic rose 0.13% from the previous month, which followed the 0.30% increase observed in October. According to the Central Bank, the increase mainly reflected higher prices for transport and healthcare.

Inflation in November remained unchanged at October’s 0.9% reading, which had marked a 13-month low, thus staying well below the lower bound of the Central Bank’s tolerance margin of plus/minus 1.0 percentage point around its 4.0% target rate. Annual average inflation in November matched October’s 1.7% print.

At its meeting on 30 November, the Central Bank decided to maintain its monetary policy rate at 5.50%, taking into consideration the latest data on inflation, market expectations and recent developments in the most important macroeconomic indicators—mainly the strong performance of GDP in the first three quarters of the year.

FocusEconomics Consensus Forecast participants expect inflation to end 2017 at 2.0%, which is down 0.1 percentage points from last month’s projection. Panelists project inflation of 3.1% in 2018.

Author: Massimo Bassetti, Economist

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Dominican Republic Inflation Chart

Dominican Republic Inflation November 2016

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

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