The accumulated rate of inflation during the first half of this year was below 1%, a mere 0.89% according to a report by the Central Bank of the Dominican Republic.
According to the Bank, “the rate of inflation measured from July, 1995 to June 1996 was 6.24%, which indicates a slower growth rate for domestic prices, when compared to the 11.79% rate registered during the previous twelve months.” The Central Bank report also points out that by following the apparent trend in the domestic prices, the rate of inflation in 1996 could finish at 6%, reaching the goal already set in the institution’s yearly monetary program.