Macroeconomic Forecast Dominican Republic

BMI View: Headline consumer price inflation (CPI) surprised to the upside in November with year-on-year growth of 4.2%, following four consecutive months of negative growth. This strong uptick was more a result of low base effects from 2008 than a surging in inflationary pressures between October and November (month-on-month growth came in at just 1.1%). However, it has encouraged us to revise up our 2009 average CPI estimate to 1.4% (from 0.6% previously), and we now see inflation growth averaging a more robust 4.6% in 2010.

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