Prices climb 4.05% in the last 12 months, paced by oil

Santo Domingo.- Inflation has climbed at a faster pace during the last 12 months, after the inter-annual rate closed at 4.05%, measured from April 2017 to the same month this year, according to data published Thursday by Dominican Republic’s Central Bank.

A year earlier, the annualized consumer prices had climbed 3.51%.

The rise in oil prices in the domestic market, as well as increases in alcoholic beverages and tobacco, have led to an acceleration in consumer prices over the last year.

Based on Central Bank figures, the price of alcoholic beverages and tobacco jumped 6.4% in 12 months, while transportation, a group that reflects the impact of higher oil prices, rose 5.3% in that same period.

Meanwhile, the prices of food and non-alcoholic beverages and education posted increases of 5% in the last year, according to Central Bank figures.

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