Inflation hits 5%

[NewsWhore]

The Central Bank of the Dominican Republic has announced that the inflation rate as reflected in the Consumer Price Index (CPI) indicated a 0.33% rise in the month of May. This means that this year so far has seen a 5.07% inflation rate and from a year ago the rate is pegged at 11.16%. The Central Bank says that the low increase for May was attributable to the lower cost of major food items through government subsidies that offset increases in prices on international markets. While some food prices fell, the cost of transportation increased markedly, contributing a major proportion of the monthly average.

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