Dominican Republic: 3.7% Inflation up to February 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.

Tuesday, March 10, 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%. With this result, year-on-year inflation measured from February 2019 to February 2020, reached 3.66%, below the center of the target range of 4%±1% established in the Monetary Program.

The official report adds that "... The analysis of the behavior of the CPI shows that the groups of greater incidence in the negative inflation of February 2020 were Transportation (-1.13%) and Housing (-0.36%). Meanwhile, the indexes of the Diverse Goods and Services group (0.41%), Alcoholic Beverages and Tobacco (0.92%), Health (0.36%) and Restaurants and Hotels (0.16%) experienced positive variations, partially compensating the decrease in the CPI of February.

The -1.13% variation in the CPI of the Transport group mainly reflects the price decreases verified in regular (-4.23%) and Premium (-3.59%) gasoline, diesel (-7.81%), liquefied gas (LPG) for vehicles (-2.32%) and air tickets (-1.77%). The reduction in fuel prices is due to the weekly adjustments ordered by the Ministry of Industry, Trade and MSMEs (MICM), in compliance with Law 112- 00 on Hydrocarbons.

See full report (in Spanish).

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Dominican Republic: 2020 Begins with 4.1% Inflation

February 2020

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.

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.

Dominican Republic: Year-on-Year Inflation in August 2018 is 4%

September 2018

Among the spending divisions that reported increases in prices in the eighth month of the year are Education, Transportation and Housing.

The Central Bank of the Dominican Republic (BCRD) reported that the consumer price index (CPI) has remained practically unchanged for a second consecutive month, registering a variation of 0.03% with respect to the month of July of this year.

Dominican Republic: 3.3% Year-on-Year Inflation to February 2018

March 2018

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. 

Dominican Republic: 4% YoY Inflation

February 2018

In January 2018 there was a monthly variation of 0.29% in the general level of prices, explained by the prices of food and recreation activities.

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

The Central Bank of the Dominican Republic (BCRD) reports that inflation for the month of January 2018, measured by the variation in the consumer price index (CPI), was 0.29% with respect to the month of December 2017. 

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