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FocusEconomics   According to the Central Bank:

Dominican Republic inflation accelerates notably in December

Dominican RepublicIn December, consumer prices rose 0.90% from the previous month, which followed the 0.13% increase observed in November.

According to the Central Bank, the increase mainly reflected higher prices for housing, transport and healthcare and was the highest print since January 2013.

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READ MORE Dominican Republic: Inflation unchanged in November

Inflation in December came in at 1.7%, markedly up from November’s 0.9% reading, marking a five-month high, but still staying well below the lower bound of the Central Bank’s tolerance margin of plus/minus 1 percentage point around its 4.0% target rate. Annual average inflation in December was 1.6%, marginally down from November’s 1.7% reading.

At its meeting on 31 December, the Central Bank decided to maintain its monetary policy rate at 5.50%, taking into consideration the latest data on inflation, market expectations and recent developments in the most important macroeconomic indicators—mainly the strong performance of economic activity in the January-to-November period.

FocusEconomics Consensus Forecast participants expect inflation to end 2017 at 2.0%, which is down 0.1 percentage points from last month’s projection. Panelists project inflation of 3.1% in 2018.




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