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Foods again pace 0.66% higher prices in August

Santo Domingo. – Dominican Republic’s Central Bank on Monday said August prices climbed 0.66% higher than in July, as measured by the Consumer Price Index.

It said foods, non-alcoholic beverages and housing led the increase.

It adds that the accumulated inflation from January to August was 3.0 %, and 5.30% over the last 12 months,

“The annualized core inflation also experienced a reduction from 5.25% in July to 4.70% in August. This indicator measures the inflation tendency of a monetary origin, isolating prices from the effects of exogenous shocks, for which clearer signals can be extracted to conduct monetary policy.”

Foods also led the 0.62% jump in July’s prices.

Source: DT

Category: DR News |

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Last updated March 25, 2017 at 5:40 PM
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