DR1 Daily News - Dominican Republic

The Central Bank of the Dominican Republic has released the inflation numbers for January, and the 0.4% for a year-on-year rate just blow 5% (4.98%), pushed by an increase in food prices.

According to the Central Bank, the monthly Consumer Price Index can be explained mostly by the increases registered in the group of food ad non-alcoholic beverages, which accounted for 45.68% of the inflation, as there was a 0.68% overall increase in these items.

The inflation rate was also influenced by increases in hotels and restaurants, education, diverse goods and services, and housing. These increases were partially offset by a decrease in transportation costs, but overall, the year-to-year inflation is placed at 4.98%. The index excludes some items that normally do not respond to the nation’s liquidity issues, such as those foods that can vary wildly in price, and fuels and services that are...