Nov. prices decline -0.35% paced by fuels

Santo Domingo. – The Central Bank on Wed. said consumer prices in Nov. fell -0.35% compared with Oct., placing cumulative inflation at 1.39% for the first 11 months of 2018.

It said November’s negative inflation is mainly the result of lower prices on propane gas, gasoline and diesel, “which translated into negative variations in the indices of Housing (-1.99%) and Transport (-1.19%).”

“Annualized inflation, measured from November 2017 to November 2018, was 2.37%, below the lower limit of the target range of 4.0% ± 1.0% established in the Monetary Program,” the Central Bank said on its website.

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