Core inflation (January to November 2017) in the Dominican Republic rose to 3.2%, primarily due to rising fuel prices. The Central Bank has forecast that inflation by yearend will be 4.0% (±1.0%). The Central Bank reports that the Consumer Price Index was up 0.76% from October figures.
The higher cost of transportation services (mostly affected by rising fuel prices), food and non-alcoholic beverages and housing rising prices accounted for 92.8% of the inflation in November. Likewise, the rising prices of fuel added to inflation.
The Central Bank says inflation was felt more in the northern region (0.99%), eastern region (0.66%), Greater Santo Domingo (0.65%) and southern region (0.59%). The northern region was the most affected by the passing of hurricanes Irma and Maria in September.
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Banco Central
13 December 2017
