{"id":8178,"date":"2004-11-08T01:43:56","date_gmt":"2004-11-08T01:43:56","guid":{"rendered":"http:\/\/dr1.com\/new\/pages\/inflation-up\/"},"modified":"2004-11-08T01:43:56","modified_gmt":"2004-11-08T01:43:56","slug":"inflation-up","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2004\/11\/08\/inflation-up\/","title":{"rendered":"Inflation up"},"content":{"rendered":"<p> The implementation of Tax Reform Law 288-04, which upped the ITBIS sales tax from 12% to 16% and imposed increased luxury taxes (Impuesto Selectivo al Consumo), left its mark on the inflation rate in October. The Central Bank reported that inflation rose 1.35% for the month, with accumulated inflation for the first 10 months of the year hovering at 32.88%. The tax reform is being attributed with 4.15% of the inflation experienced, but given the decline in the exchange rate, this impact was conceivably a lesser rate of 2.8%.<\/p>\n<p> The Central Bank predicts a record-high year-end inflation of 36%. Such elevated inflation was last felt in the DR in 1990 when it peaked at 50%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The implementation of Tax Reform Law 288-04, which upped the ITBIS sales tax from 12% to 16% and imposed increased luxury taxes (Impuesto Selectivo al Consumo), left its mark on the inflation rate in October. The Central Bank reported that inflation rose 1.35% for the month, with accumulated inflation for the first 10 months of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2004\/11\/08\/inflation-up\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[223,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/8178"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=8178"}],"version-history":[{"count":0,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/8178\/revisions"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=8178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=8178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=8178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}