NewsWhore
02-12-2007, 05:00 PM
The Consumer Price Index for January 2007 was set at 0.93%, lower than the 1.55% for 2006 and well within the guidelines set for 2007. According to the Central Bank, the lower than expected CPI was somewhat of a surprise given the Dominican Republic's oft-delayed entry into DR-CAFTA and the latest tax increases. The year-to-year inflation rate was set at 4.36%, lower than the 5% for just 2006. Much of the lower rate for the consumer index is thought to be related to the luxury taxes on tobacco and alcohol, which greatly increased prices on these items.
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More... (http://www.dr1.com/index.html#2)