Dominican Republic: Inflation continues to slow in September
October 11, 2013
In September, consumer prices rose 0.49% over the previous month, according to preliminary Central Bank data. The increase came in below the 0.66% rise seen in August and was mainly due to higher prices for education, housing and transportation.
Annual headline inflation fell from 5.3% in August to 5.1% in September. Inflation is currently within the Central Bank's tolerance margin of plus/minus 1.0 percentage points around its 5.0% target.
Meanwhile, the Central Bank maintained its monetary policy rate at 6.25% at its 30 September meeting, after the substantial hike of 200 basis points in August.
FocusEconomics Consensus Forecast participants expect inflation to end the year at 5.0%, which is up 0.1 percentage points over last month's projection. For 2014, panelists anticipate that inflation will moderate to 4.4% by year-end, which is unchanged over the previous month's estimate.