The Dominican Republic has experienced the highest inflation rate in the past 23 years with a half-year total of 31.89% as of 31 July. In 1988, a rate of 29.19% was registered, making it the second highest inflationary rate recorded before this year.
El Caribe reports that in 1990 a higher yearly inflation was registered, however, one that reached 79.92% for the entire 12-month period. In 1988 the yearly toll was 55.88%.
The good news, however, is that for the month of July the Central Bank registered a mere 0.62% increase, indicating a deceleration of the inflation rate, compared to the month of June that posted a rate of 1.99%. If these indicators continue to decrease, it is possible that the country will avoid breaking the inauspicious 23-year record.