Central Bank: Inflation for 2020 is at 3.12%

Dolores

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Feb 20, 2019
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The Central Bank of the Dominican Republic says annual inflation is just at 3.12%, with a near 1% increase in August (0.78%). The Central Bank explained that increases in the cost of transportation, food, non-alcoholic beverages and housing had fueled the inflation rate. There were variations in health services (0.91%), diverse goods and services and education to a lesser degree.



There was a 1.51% variation in the Consumer Price Index, with bus fares, motoconchos, and public cars all increasing fares. According to the Central Bank, these increases are a delayed reaction to increases in fuel prices between May and June.



The 0.72% increase in the Consumer Price Index is mainly due to increases in the prices of many staples in the family basket. The 1% increase in the housing sector is due to higher prices of propane and paint. Health costs were upped by increased costs for some heart medicines...
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