Inflation under control

Dolores

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Feb 20, 2019
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The Central Bank (BCRD) has reported that the Consumer Price Index (CPI) rose by 0.48% in June 2024, following two months of negative inflation in April and May. The Central Bank explains that this brings the year-on-year inflation rate, measured from June 2023 to June 2024, to 3.46%, marking the seventh consecutive month that inflation has remained below the target range of 4.0% ± 1.0%.

The BCRD highlights that the Dominican Republic continues to have one of the lowest inflation rates in Latin America, excluding dollarized economies (Panama, Ecuador, and El Salvador), with a year-on-year inflation rate of 3.46% in June 2024.

The Central Bank detailed sectoral inflation:• The Food and Non-Alcoholic Beverages group had the highest contribution to inflation in June, rising by 0.75%.• The Transportation group recorded a 0.61% inflation rate, mainly due to increases in airfares, motorcycle fares, and...

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