Dominican Republic: 1.2% Inflation up to February 2019

After the year-on-year variation of the CPI was barely 0.7% in January of this year, in February the inflationary rhythm in the country rose slightly to 1.2%.

Thursday, March 14, 2019

The consumer price index (CPI) registered a 0.37% variation in February 2019, placing the accumulated inflation of the first two months of the year at 0.20%, informed the Central Bank of the Dominican Republic (BCRD).

The results of the general CPI during the second month of the year shows that the groups with the highest incidence were Transport and Food and Non-Alcoholic Beverages which together explained 68.7% of the inflation in February. To a lesser extent contributed the indexes of the groups Housing, Alcoholic Beverages and Tobacco and Miscellaneous Goods and Services.

The inflation of tradable goods, those that can be exported and imported free of restrictions, was 0.64%, largely explained by increases in the prices of fuels, air tickets, cigarettes and foodstuffs such as bananas, guineas, citrus lemons, avocados, eggs, green pigeon peas and oranges.

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