Santo Domingo.- The Central Bank (BCRD) of the Dominican Republic announced on Monday that the Consumer Price Index (CPI) experienced a slight decrease of 0.10% in April, marking a notable interannual inflation rate of 3.03%. This figure represents the lowest inflation rate observed in the past 46 months, according to reports.
The statement issued by the central bank highlighted that the current year-on-year inflation rate falls within the lower end of the target range set in the monetary program, which aims for a range of 4.0% ±1.0%.
Addressing the underlying inflation over the last twelve months, the BCRD clarified that it stood at 3.99% in April, maintaining alignment with the objectives outlined by the monetary institution. This particular metric, as emphasized in the statement, offers valuable insights for guiding monetary policy by excluding items that typically do not respond to liquidity conditions, such as volatile food prices and fuel costs.
With an interannual inflation rate of 3.03% recorded in April 2024, the Dominican Republic is positioned among the countries with the lowest inflation rates in Latin America, excluding dollarized economies like Panama, Ecuador, and El Salvador, according to the BCRD statement.