Dominican Republic: Inflationary Rhythm Keeps Accelerating

In October, the Consumer Price Index rose 2.5% year-on-year, up from 2% in September 2019.

Tuesday, November 19, 2019

The consumer price index (CPI) in October 2019 registered a 0.67% variation with respect to the month of September, placing accumulated inflation from January to October at 3.06%, explains a report by the Central Bank of the Dominican Republic.

The report adds that "... As for the annualized core inflation, it registered a 2.23% year-on-year rate. 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.

The results show that the group with the greatest contribution to the general CPI variation in October 2019 was Food and Non-Alcoholic Beverages, with a 1.22% increase, explaining approximately half of the month's inflation. It is followed in order of incidence Transport with a 0.82% inflation, Alcoholic Beverages and Tobacco (2.37%) and Housing (0.62%).
 
The variation of 1.22% in the price index of the Food and Non-Alcoholic Beverages group in October 2019 is mainly due to increases in the prices of some highly weighted agricultural goods in the family basket, whose production has been affected by the prevailing weather conditions during the year.
"

Download the official report (in Spanish).

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More on this topic

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: Year-on-Year Inflation up to May 2018 is 4.5%

June 2018

In the fifth month of the year, there was a monthly change of 0.26% in the CPI, explained by prices of Transportation and Housing.

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

The consumer price index (CPI) in May 2018 registered a variation of 0.26% with respect to the month of April of the same year, reaching cumulative inflation of 1.22% in the January-May period. With this result, inter-annual inflation, measured from May 2017 to May 2018, was 4.47%, within the target range of 4.0% ± 1.0% established in the Monetary Program. 

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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