Macroeconomic Forecast Dominican Republic

April 2006 | Macroeconomic Forecasts

The consumer price index (CPI) was down 0.1% m-o-m in February, bringing the annual inflation rate to 8.1% y-o-y. Inflationary pressures have ticked up since December when they ended the year on 7.4%. This was due mainly to sustained high oil prices rather than to domestic influences. In fact, the central bank has demonstrated its tight control of monetary policy over recent months, bringing inflation down from a high of 65.3% y-o-y in May 2004. We are confident that inflationary pressures will be kept at bay in 2006, and forecast that inflation will end the year on

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