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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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.