Dominican Republic: 3.7% inflation at the End of 2019

Food, beverages and tobacco were the products that boosted the 3.66% inflation rate reported at the end of last year.

Monday, January 13, 2020

The consumer price index (CPI) registered a 0.20% variation in December 2019 compared to November of the same year, reported the Central Bank of the Dominican Republic (BCRD).

The official report states that "... Regarding annualized subjacent inflation, the institution indicates that it was 2.25%. This indicator estimates the inflationary pressures of monetary origin, isolating the effects of exogenous factors, by excluding from the general CPI some agricultural goods whose prices tend to be volatile, alcoholic beverages, tobacco, fuels and managed and transport services, thus allowing to extract clearer signals for the conduct of monetary policy.

It points out that the groups of greater relative variation in the inflation of 2019 were Food and Non-alcoholic Beverages (7.13%) and Alcoholic Beverages and Tobacco (7.26%), which represented 59.08% of the increase of the general index in the referred period. Also, this result was influenced by the annual growth of the price indexes corresponding to the groups of Education (4.57%), Health (3.65%), diverse goods and services (3.51%), Transportation (3.16%), among others.

The analysis of the general index for December 2019 shows that the groups with the highest incidence were Transport (0.38%) and Housing (0.49%), explaining together 56.5% of the inflation of the last month of 2019. On the other hand, the Food and Non-alcoholic Beverages group registered -0.20% variation, contributing to the fact that the result of the general CPI was not of greater magnitude.
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See full report (in Spanish).

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More on this topic

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: Inflation is Down 0.9%

July 2019

After the year-on-year variation of the CPI in May of this year was only 1.3%, in June the inflationary rhythm in the country became low again, in this case it was 0.9%.

The variation of the Consumer Price Index in June was -0.18% with respect to May, placing the accumulated inflation in the semester from January to June at 1.17%, informed the Central Bank of the Dominican Republic.

Dominican Republic: Inflation Stays Low

April 2019

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

0.65% variation with respect to February, placing accumulated inflation at 0.86% at the end of the first quarter of the year, informed the Central Bank of the Dominican Republic (BCRD).

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. 

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