Press reports indicate that following the defacto devaluation of the peso from RD$14 to RD$15, prices of imported goods in supermarkets have increased 10-12%. The Central Bank inflation for the first trimester of the year declined 0.25%, but given the surge in the value of the dollar, it is expected the second trimester of the year inflation will reflect this. The Central Bank has forecast a single-digit inflation for year’s end.
