The Central Bank reports that inflation in April was 0.7%, considerably down from 2.34% in March, 11.25% in February and 9.2% in January. The Central Bank says that the Consumer Price Index reflects the effects of monetary policy measures implemented within the framework of the International Monetary Fund agreement, and aiming, as reported in the Listin Diario, to stabilize the exchange rate. The peso has remained in the 40s range for several weeks now. Nevertheless, it has been sliding this week. This week the peso has declined from a selling price of RD$45 to US$1 to one of RD$48. The buying price climbed from RD$44.15 to US$1 on Tuesday to RD$46 on Wednesday, as reported in Diario Libre.
Annualized inflation as of March was at 62%, but Central Bank analysts are newly optimistic for a year-end inflation that comes in under 35%.