NewsWhore
09-13-2010, 02:20 PM
The Central Bank of the Dominican Republic reports that the inflation rate in August, measured by the changes in the Consumer Price Index, was 0.22% in relation to July, and placing the yearly rate at 3.45%. The institution indicated that the inflation rate of 3.45% accumulated between January and August 2010 is lower than the 4.19% for the same period last year, while the yearly inflation rate, measured August 2009 to August 2010, was placed at 5.01%. The bank indicates that this moderate increase is due basically to the decrease in fuel prices and the cost of transportation that was registered in the month of August. The bank added that the underlying yearly inflation rate was placed at 3.45%, and the accumulated rate for the year to August was 2.07%
According to Diario Libre, the Central Bank pointed out in detail that the group with the greatest incidence in these numbers was Transportation which decreased by -0.83%, contributing to the reduced growth in the index for the month of August. This trend is due to the decrease in the price of premium gasoline (-0.61%) and regular (-0.25%). Likewise there were reductions in the cost of transportation services such as public cars or "conchos" (-0.34%), and motorcycle taxis or "motoconchos" (-1.35%) and airfares (-11.32%). The Food, Drinks and Tobacco sector experienced a growth of 0.56% over July. The articles of greatest incidence were fresh poultry (3.49%), refined sugar (3.24%), garlic (5.15%), bread (1.22%), tomatoes (5.52%) and green bananas (3.23%).
More... (http://www.dr1.com/index.html#7)
According to Diario Libre, the Central Bank pointed out in detail that the group with the greatest incidence in these numbers was Transportation which decreased by -0.83%, contributing to the reduced growth in the index for the month of August. This trend is due to the decrease in the price of premium gasoline (-0.61%) and regular (-0.25%). Likewise there were reductions in the cost of transportation services such as public cars or "conchos" (-0.34%), and motorcycle taxis or "motoconchos" (-1.35%) and airfares (-11.32%). The Food, Drinks and Tobacco sector experienced a growth of 0.56% over July. The articles of greatest incidence were fresh poultry (3.49%), refined sugar (3.24%), garlic (5.15%), bread (1.22%), tomatoes (5.52%) and green bananas (3.23%).
More... (http://www.dr1.com/index.html#7)