NewsWhore
01-12-2012, 04:20 PM
The Central Bank of the Dominican Republic reported yesterday that the annual rate of inflation from December 2010-December 2011, measured by the change in the Consumer Price Index (IPC), was 7.76 percent, with the underlying rate for the same period at 5.19%. The report states that annualized inflation of 7.76% was due basically to the international rise in oil prices together with price increases for major agricultural commodities, which affected increases in the prices of transport, fuel, electricity and food and beverages, which together contributed 5.55 percentage points to the level of inflation, accounting for 71.52% of the total.
In its report, the Central Bank specifies that inflation in December alone was 0.11% compared to November 2011. This low level was mainly due to the fall of -0.69% in the Transport group index, which because it has such a heavy weighting, affects the overall inflation figure. This decrease of -0.69% in the Transport group index was due to the reduction in the prices of premium gasoline (-2.49%), regular (-2.57%), diesel (-0.61%) and LPG (-1.01%). On the other hand the prices of air transport services increased by 9.84 % and shared taxis by 0.87%. Food and soft drinks grew by 0.57% compared to November, with the main increases being fresh chicken (6.04%), eggs (6.22%), plantains (2.09%), onions (6.74%), pork, (2.40%), potatoes (5.82%), limes (17.46%) and avocado (4.49%). However, other foodstuffs experienced reductions in prices, such as peas (-14.82%), yucca (-5.25%), peppers (-12.43%), tomatoes (-18.66%), rice (-0.23%), brown sugar (-1.32%) and garlic (-2.60%).
Looking at the level of inflation geographically, in the National District and Santo Domingo province, inflation rose by 0.13%, the north 0.12%, and 0.14% in the eastern region. The southern region had the lowest rate of variation 0.06%, largely explained by the low level of growth of foodstuffs with a high relative weight in the monthly shopping basket.
www.bancentral.gov.do/notas_del_bc.asp?a=bc2012-01-11 (http://www.bancentral.gov.do/notas_del_bc.asp?a=bc2012-01-11)
More... (http://www.dr1.com/index.html#2)
In its report, the Central Bank specifies that inflation in December alone was 0.11% compared to November 2011. This low level was mainly due to the fall of -0.69% in the Transport group index, which because it has such a heavy weighting, affects the overall inflation figure. This decrease of -0.69% in the Transport group index was due to the reduction in the prices of premium gasoline (-2.49%), regular (-2.57%), diesel (-0.61%) and LPG (-1.01%). On the other hand the prices of air transport services increased by 9.84 % and shared taxis by 0.87%. Food and soft drinks grew by 0.57% compared to November, with the main increases being fresh chicken (6.04%), eggs (6.22%), plantains (2.09%), onions (6.74%), pork, (2.40%), potatoes (5.82%), limes (17.46%) and avocado (4.49%). However, other foodstuffs experienced reductions in prices, such as peas (-14.82%), yucca (-5.25%), peppers (-12.43%), tomatoes (-18.66%), rice (-0.23%), brown sugar (-1.32%) and garlic (-2.60%).
Looking at the level of inflation geographically, in the National District and Santo Domingo province, inflation rose by 0.13%, the north 0.12%, and 0.14% in the eastern region. The southern region had the lowest rate of variation 0.06%, largely explained by the low level of growth of foodstuffs with a high relative weight in the monthly shopping basket.
www.bancentral.gov.do/notas_del_bc.asp?a=bc2012-01-11 (http://www.bancentral.gov.do/notas_del_bc.asp?a=bc2012-01-11)
More... (http://www.dr1.com/index.html#2)