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View Full Version : Inflation hits double digits



NewsWhore
10-13-2008, 06:50 PM
The inflation rate for the first nine months of the year has hit double digits, according to the Central Bank. The bank reported that the Consumer Price Index (CPI) was up 2.38% in September in comparison to August and this puts the nine-month inflation rate at 10.76% for the year so far. The Central Bank explained that the increase was due to the rise in food prices and the seasonal increase in the cost of education. These two factors account for 80% of the increase in the cost of living.
See www.bancentral.gov.do (http://www.bancentral.gov.do)

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