2021News

Central Bank reports inflation is on target

The Central Bank of the Dominican Republic reported that cumulative inflation during the first eight months of 2021 was 5.41 %.

Thus, interannual inflation has decreased from its peak of 10.48% in May 2021 to 7.90% in August.

The Central Bank says that the monthly variation of the consumer price index (CPI) in August was 0.80%.

Notwithstanding, the authorities explain that transitory supply shocks associated with higher prices of oil and other raw materials and the increase in global freight costs continue to affect prices in the country.

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N Digital

1 October 2021