Dominican Republic: 2020 Begins with 4.1% Inflation

Food and non-alcoholic beverages, Transport, and Recreation and culture, were the sectors that had the greatest incidence in January for the CPI to report a 4.1% year-on-year variation.

Tuesday, February 11, 2020

The Central Bank of the Dominican Republic (BCRD) reported that the overall consumer price index (CPI) experienced a 0.33% change in January 2020 compared to December 2019, while the underlying price index or monetary conditions index experienced a 0.38% change in the first month of the year.

The official report explains that "... With this result, the annualized subjacent inflation was at 2.41%, below the lower limit of the target range established in the Monetary Program of 4.0% (± 1.0%) for general inflation. This indicator isolates the variations of the prices of some agricultural goods that tend to be volatile, alcoholic beverages, tobacco, fuels and administered and transportation services, allowing in this way to extract clearer signals for the conduction of the monetary policy. Regarding y-o-y or annualized inflation, measured from January 2019 to January 2020, the same was at 4.17%, around the central point of the target range established in the Monetary Program of 4.0% (± 1.0%).

The document adds that "... The results of the general CPI show that the groups of greater incidence in the inflation of January 2020 were Food and Non-alcoholic Beverages when varying 0.59% and Transportation with a 0.39% increase. To a lesser extent, the price indexes of Recreation and Culture (0.97%), Goods and Services (0.39%) and Restaurants and Hotels (0.33%) contributed. On the other hand, the Housing group registered -0.59% variation, contributing to the result of the general CPI not being of a greater extent.
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More on this topic

Dominican Republic: 3.7% Inflation up to February 2020

March 2020

During the second month of the year, the CPI registered a 3.7% year-on-year variation, which is less than the 4.1% reported in January 2020.

The variation in the Consumer Price Index was -0.13% in February compared to January 2020, placing accumulated inflation in the January-February period at 0.20%.

Dominican Republic: 1.6% Inflation up to July 2019

August 2019

Between January and July 2019, accumulated inflation of 1.64% is reported, which is partly explained by the positive variation in the prices of Food and Non-Alcoholic Beverages.

The consumer price index (CPI) registered a 0.47% variation in July with respect to June 2019, placing the accumulated inflation of the January-July 2019 period at 1.64%.

Dominican Republic: Low Inflation Continues

May 2019

After in January, February and March of this year the year-on-year variation of the CPI was only 0.7%, 1.2% and 1.5%, respectively, in April the inflationary rhythm in the country slightly increased to 1.6%.

The consumer price index (CPI) registered a variation of 0.53% in April with respect to March 2019, placing the accumulated inflation for April at 1.39%, informed the Central Bank of the Dominican Republic (BCRD).

Dominican Republic: 3.9% YoY Inflation up to March 2018

April 2018

During March 2018, there was a monthly variation of 0.37% in the general level of prices, explained by the prices of food and transport.

From a Report by the Central Bank of the Dominican Republic: 

The consumer price index (CPI) registered a variation of 0.37% in the month of March with respect to February 2018, placing accumulated inflation for the period January-March 2018 at 0.55%. With this result, annualized inflation, that is to say, what is measured from March 2017 to March 2018, stood at 3.91%, slightly below the central value of the target range of 4.0% ± 1.0% established in the Monetary Program.

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