Dominican Republic: Inflation is Down 0.9%

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%.

Thursday, July 11, 2019

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.

The document explains that "... Regarding the annualized core inflation, it stood at 1.95%. 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 transportation services, thus allowing to extract clearer signals for the conduct of monetary policy.

The analysis of the behavior of the CPI reveals that the groups of greater incidence in the negative inflation of June 2019 were Transport (-1.23%) and Housing (-1.44%), while the indexes of the groups and Food and Non-Alcoholic Beverages (0.52%) and Various Goods and Services (0.23%) experienced positive variations, contributing to that the decrease in the CPI of June was not more pronounced.

The -1.23% variation in the Transport group index was mainly because of the verified price decreases in regular (-5.41%) and Premium (-5.02%) gasoline, liquefied gas (LPG) for vehicles (-7.83%) and gasoil (-5.31%), as a result of the weekly adjustments provided by the Ministry of Industry, Commerce and MSMEs (MICM), in compliance with Law 112-00 on Hydrocarbons. These price reductions were partially offset by increases in foreign fares (13.81%) and car prices (1.05%).


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More on this topic

Dominican Republic: Inflation Still Rising

October 2019

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

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: 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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