In October, the Consumer Price Index rose 2.5% year-on-year, up from 2% in September 2019.
Tuesday, November 19, 2019
The consumer price index (CPI) in October 2019 registered a 0.67% variation with respect to the month of September, placing accumulated inflation from January to October at 3.06%, explains a report by the Central Bank of the Dominican Republic.
The report adds that "... As for the annualized core inflation, it registered a 2.23% year-on-year rate. This indicator estimates inflationary pressures of monetary origin, isolating the effects of exogenous factors, excluding from the general CPI some agricultural goods whose prices tend to be volatile, alcoholic beverages, tobacco, fuels and managed and transport services, thus allowing to extract clearer signals for the conduct of monetary policy.
The results show that the group with the greatest contribution to the general CPI variation in October 2019 was Food and Non-Alcoholic Beverages, with a 1.22% increase, explaining approximately half of the month's inflation. It is followed in order of incidence Transport with a 0.82% inflation, Alcoholic Beverages and Tobacco (2.37%) and Housing (0.62%).
The variation of 1.22% in the price index of the Food and Non-Alcoholic Beverages group in October 2019 is mainly due to increases in the prices of some highly weighted agricultural goods in the family basket, whose production has been affected by the prevailing weather conditions during the year."
After the year-on-year variation of the CPI in December 2018 was barely 1.2%, in January of this year the inflationary rhythm in the country dropped to 0.7%.
From the Central Bank of the Dominican Republic report:
The Consumer Price Index (CPI) experienced a -0.17% variation in January 2019, locating the year-on-year inflation, measured from January 2018 to January 2019, at 0.71%.
During the eleventh month of the year, spending divisions reporting price increases included airfares and automobiles.
The Central Bank of the Dominican Republic (BCRD) reported that the consumer price index (CPI) in November 2018 registered a -0.35% variation with respect to October of this year, ranking the accumulated inflation at 1.39% for the first eleven months of 2018.
In the fifth month of the year, there was a monthly change of 0.26% in the CPI, explained by prices of Transportation and Housing.
From a Report by the Central Bank of the Dominican Republic:
The consumer price index (CPI) in May 2018 registered a variation of 0.26%with respect to the month of April of the same year, reaching cumulative inflation of 1.22% in the January-May period. With this result, inter-annual inflation, measured from May 2017 to May 2018, was 4.47%, within the target range of 4.0% ± 1.0% established in the Monetary Program.
In February 2018 there was a monthly variation of -0.11% in the general level of prices, explained by prices for food and housing.
From a Report by the Central Bank of the Dominican Republic:
The consumer price index (CPI) in the month of February 2018 registered a variation of -0.11% with respect to the month of January, placing cumulative inflation in the month of February at 0.18%.With this result, year-on-year inflation, measured from February 2017 to February 2018, stood at 3.32%, remaining within the target range of 4.0% ± 1.0% established in the Monetary Program.