Aug. prices climb 0.03%, accumulated inflation at 1.44%
Santo Domingo.- August prices climbed 0.03% compared to July, according to a report by Dominican Republic’s Central Bank submitted to industrialists on Wednesday.
It said the accumulated inflation between January and August stood at 1.44%, whereas the annualized inflation rate stood at 3.87% in the last 12 months, well below the Central Bank’s inflation target of around 4% for this year.
It adds in recent months it has implemented measures to prevent an uncontrolled rise in consumer prices. The last was the adjustment of its monetary policy rate, which increased to 5.50% last month.