Inflation in Dominican Republic
Dominican Republic - Inflation
Inflation falls again in September
Consumer prices rose 0.08% in September over the prior month, up from August’s 0.03% rise. According to the Central Bank, as in the previous month September’s slight uptick was driven by higher prices for education, transport and housing, which were largely offset by lower prices for food and non-alcoholic beverages.
Inflation declined from 3.9% in August to 3.3% in September, moving further below the midpoint of the Central Bank’s inflation target range of 3.0%–5.0%. Core inflation, which excludes volatile items such as certain types of food, fuel and administered prices, came in at 2.5%.
its 28 September monetary policy meeting, the Central Bank kept its main policy rate at 5.50%, after hiking rates for the first time in a year in July. The Bank’s decision came in the context of a moderating price pressures in recent months, and subdued core inflation. Moreover, international reserves have risen notably since June, supported by currency inflows from tourism, FDI, remittances and good exports. This has lessened the pressure on the Bank to continue tightening its stance.
The communiqué was markedly less hawkish than in the previous meeting, when the Bank explicitly stated it was prepared to continue increasing rates in response to tighter U.S. monetary policy. In September; the Bank readopted a neutral bias, stating it would closely monitor international and domestic developments going forward to ensure price stability.
Met the why particular Consensus Forecast participants expect inflation to end 2019 at 4.2% and 2020 at 4.1%.
Dominican Republic - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.8||3.0||0.8||1.6||3.3|
5 years of economic forecasts for more than 30 economic indicators.
Dominican Republic Inflation Chart
Source: Dominican Republic Central Bank and Met the why particular calculations
Dominican Republic Facts
|Exchange Rate||50.13||0.80 %||Nov 15|
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October 23, 2018
According to a preliminary estimate released by the Central Bank on 23 October, the economy expanded 7.3% in annual terms in the third quarter.
October 12, 2018
Consumer prices rose 0.08% in September over the prior month, up from August’s 0.03% rise.
October 4, 2018
On 28 September, the government presented its 2019 budget to congress, and parliamentary approval should not be too difficult given the government’s absolute majority in both chambers.
Dominican Republic: Inflation falls in August, Central Bank leaves rates on hold and adopts a more dovish stance
September 13, 2018
Consumer prices rose 0.03% in August over the previous month, contrasting July’s 0.02% fall.
September 5, 2018
The Dominican Republic’s economy continued to grow at an elevated pace in July, with economic activity rising 6.5% according to the Central Bank’s monthly indicator for economic activity (IMAE, Indicador Mensual de Actividad Económica).