Dominican Republic recorded inflation of 2.69 % in the first four months of the year

The Dominican Republic registered an inflation rate of 2.69 % in the first four months of this year, the Central Bank of the Dominican Republic (BCRD) informed on Thursday in a press release.

The official data indicate that the consumer price index (CPI) for April was 0.41 %, the lowest rate in the first four months of the year compared to 0.97 %, 0.68 % and 0.60 % in January, February and March, respectively, “evidencing a deceleration in the pace of price growth”.

Year-on-year inflation (October 2019- September 2020) stood at 9.26 %, while that between April 2020 and April 2021 stood at 9.65 %.

It is expected, the note added, that annualized inflation will experience a downward inflection point as of June until it reaches the established target range, as recently indicated by the mission of the International Monetary Fund (IMF).

In its press release, the BCRD detailed that the groups with the highest incidence in the growth of the CPI in April were food and non-alcoholic beverages (0.56 %), and transportation (0.52 %), which together accounted for 54.5 % of the inflation for that month.

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