Santo Domingo’s Central Bank sets July inflation at 0.62%

The Central Bank of the Dominican Republic has set the inflation rate for the month of July at just 0.62%. The Consumer Price Index for the year was set at 2.39%, which year to year gives the economy an inflation rate of 5.67%.

The 2013 yearly inflation rate is going to be within the 5% (+/-1%) goal set by the administration.

According to the Central Bank, the Food and Non-alcoholic beverages category was chiefly responsible for inflation, since this makes up most of the family basket.

According to the Central Bank, the Food and Non-alcoholic beverages category was chiefly responsible for inflation, since this makes up most of the family basket.

They said that over 80% of the inflation rate was due to price increases in this category. According to an article in El Nuevo Diario most foodstuffs were subject to price increases during the month, along with fuels.

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.

Comments

add a comment

Some HTML is OK

or, reply to this post via trackback.