Dominican Republic: Inflation Still Rising

In September, the Consumer Price Index increased 2% year-on-year, up from 1.7% in August 2019.

Tuesday, October 15, 2019

The Central Bank of the Dominican Republic (BCRD) reported that the consumer price index (CPI) registered a 0.38 % variation in September 2019 with respect to August, so that accumulated inflation in the January-September period stood at 2.38%.

The report explains that "... The BCRD report indicates that annualized core inflation stood at 2.14%. This indicator estimates inflationary pressures of monetary origin, isolating the effects of exogenous factors, 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.

CPI data indicates that the groups with the highest incidence of variation in the general index in September 2019 were Food and Non-Alcoholic Beverages (0.83 %), Education (1.79 %), Housing (0.41 %) and Miscellaneous Goods and Services (0.25 %). It should be noted that the increase in the general CPI was attenuated by the decrease registered in the Transport group, which experienced a -0.23% variation.

Inflation of 0.83 % in the Food and Non-Alcoholic Beverages group is mainly explained by increases in the prices of green bananas (4.68 %), chilies (19.61 %), garlic (8.74 %), fresh chicken (0.70 %), ripe bananas (4.57 %), aubergines (9.42 %), tayota (14.61 %), seasonal fruits (9.21 %), yautía (4.75 %), citrus lemons (8.49 %) and rice (0.19 %); however, some foods registered reductions in their prices, such as avocados (-8.26 %) and potatoes (-2.91 %).

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Dominican Republic: 2.4% Inflation up to November 2018

December 2018

During the eleventh month of the year, spending divisions reporting price increases included airfares and automobiles.

The Central Bank of the Dominican Republic (BCRD) reported that the consumer price index (CPI) in November 2018 registered a -0.35% variation with respect to October of this year, ranking the accumulated inflation at 1.39% for the first eleven months of 2018.

Dominican Republic: 4.4% YoY Inflation up to July 2018

August 2018

In the seventh month of the year, the CPI reported an increase of 0.3% in the Transportation expense division, which is explained by an increase in the prices of tickets abroad.

The Central Bank of the Dominican Republic (BCRD) reported that accumulated inflation during the period January-July 2018 was 1.41%. This result is due to the fact that inflation in July 2018 remained practically neutral, with a variation of the CPI of -0.02% with respect to the previous month.   

Dominican Republic: Year-on-Year Inflation up to June 2018 is 4.6%

July 2018

In the sixth month of the year there was a monthly change of 0.21% in the CPI, explained by prices of Food and non-alcoholic beverages and Transport.

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

The Central Bank of the Dominican Republic (BCRD) reports that the consumer price index (CPI) for the month of June 2018 registered a variation of 0.21% with respect to the month of May of this same year, reaching cumulative inflation 1.43% for the first semester.  

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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