August 1, 2021

Inflation in the Dominican Republic reaches 1.52 percent between January and September

Inflation in the Dominican Republic reaches 1.52 percent between January and September



The consumer price index (CPI) of the Dominican Republic in September registered a variation of 0.08%, placing inflation for the first nine months of the year at 1.52%, the Central Bank (BCRD) reported today.

Meanwhile, the annualized inflation, that is to say, that of the last twelve months, stood at 3.29%, being below the central value of the target range established in the Monetary Program of 4% (± 1.0%), according to a statement from the issuing bank.

Regarding core inflation, this registered an interannual variation of 2.53%, added in the information.

According to the note, the change in the CPI of just 0.08% in September is explained by the 0.82% drop in the index of the group with the highest weighting in the basket, food and non-alcoholic beverages, within which they registered declines in the prices of some food items of high relative importance.

This variation in the CPI was largely neutralized by the increase in the indices of the transport (0.62%), housing (0.86%) and education (1.26%) groups.

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