NewsWhore
09-18-2006, 07:10 PM
Prices have increased over the last month, in spite of the fact that the government has removed the onerous 13% "exchange commission" tax on imported goods. News reports, nevertheless, have mentioned that Customs has increased the base values on which items are taxed, in a way compensating for the elimination of the exchange commission. What is known is that prices for staples have shown increases of between 3% and 90% over this period. Processed milk, cooking oil, soaps and salted cod and herring have all gone up in price. The product with the largest increase is cornflakes, which rose from RD$60 an 18oz box to RD$115. Even though the Central Bank announced that inflation for August was just 0.1% and the yearly rate was pegged at 4.7%, prices were much higher in the colmados and supermarkets. Today's Diario Libre publishes a list of articles and their average prices in today's edition.
http://www.diariolibre.com/app/article.aspx?id=79400
More... (http://www.dr1.com/index.html#9)
http://www.diariolibre.com/app/article.aspx?id=79400
More... (http://www.dr1.com/index.html#9)