The Central Bank (BCRD) reports that the increase in the Consumer Price Index (CPI) was mainly on account of external factors. The Central Bank says the rise in inflation is mostly due to the rises in oil and raw material prices in international markets. The CPI for February was 0.68% compared to January 2021. Accumulated inflation for January-February 2021 is at 1.66%. Interannual inflation associated with the new CPI basket showed annual inflation of 6.30% at the close of February
The BCRD explains points to the impact of the rise in the prices of West Texas Intermediate (WTI) oil and commodities in the international markets.
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Central Bank
13 March 2021