Economy / Dominican Republic
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Macroeconomic Forecast Dominican Republic
August 2006 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Consumer prices climbed 0.76% m-o-m in June, bringing the annual inflation rate to 10.3% y-o-y. As a result, H106 inflation came in at 3.44% y-o-y. High oil prices continue to pressure prices, and once petroleum prices are isolated cumulative inflation for the semester would have been only 1.56%, according to the central bank. However, we see no respite in oil prices during the remainder of 2006, and we remain concerned about the Dominican Republic's rising oil import bill, estimated atUS$3bn this year. In light of this, we have raised our end-year inflation forecast to 8.0%.