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Central Bank reports inflation was 1.70% in 2016

While consumers would say that the inflation rate seems much higher, despite the rising fuel and food prices the Central Bank reported that from December 2015 to December 2016 the inflation rate was 1.7%. This would make it the second lowest in the past 33 years. Inflation posted is below the lower limit forecast for the country in its annual monetary program that was 4.0% (+/- 1%).

In a report posted on Friday, 6 January 2017, the Central Bank says that inter-year inflation was 1.89% at the close of the year. This indicator measures inflationary pressures of monetary origins, isolating this from exogenous factors.

Source: DR1, Listindiario

Jan 11, 2017

Category: DR News |

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Last updated January 24, 2017 at 12:05 PM
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