Dominican Republic: 3.2% Inflation up to November 2019

In November, a 3.2% year-on-year increase was reported in the Consumer Price Index, above the 2.5% recorded in October 2019.

Wednesday, December 11, 2019

The consumer price index (CPI) in November recorded a 0.37% variation with regard to October 2019. Accumulated inflation for the January-November 2019 period reached 3.45%, while annualized inflation, measured from November 2018 to November 2019, stood at 3.23%, informed the Central Bank of the Dominican Republic.

The official report states that "... The analysis of the general index shows that the groups with the highest incidence of inflation in November 2019 were Food and Non-Alcoholic Beverages (0.40%), Transportation (0.49%) and Housing (0.81%), explaining together approximately 76.0% of the month's inflation.

The food and non-alcoholic beverages price index experienced a 0.40% variation, mainly explained by the increases in onion prices (15.06%), green bananas (2.10%), garlic (8.48%), green beans (5.68%), avocados (4.36%), ripe bananas (2.61%), vegetables (2.72%), red beans (1.16%) and carrots (9.43%).

Download the official report (in Spanish).

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