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

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.

Wednesday, July 11, 2018

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.  

Regarding core inflation, it registered an interannual rate of 2.68% in the month of June 2018. This indicator estimates the inflationary pressures of monetary origin, isolating the price variations of some volatile agricultural goods, alcoholic beverages, tobacco, as well as fuels and some managed services such as electricity and transportation, thus allowing for clearer signals to be extracted regarding the conduct of monetary policy.  

The BCRD report states that the results of the general CPI show that the group with the highest incidence of inflation in June was Food and Non-Alcoholic Beverages with a variation of 0.34%, followed by the Transport group with inflation of 0.32%, counting for, between them, approximately 75.0% of the month's inflation. 

See full report (In Spanish).

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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: 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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