NewsWhore
04-18-2007, 02:20 PM
A story in today's Diario Libre seems to put the government's claim of extremely low inflation to the test. The newspaper reports that a series of items, several of which are part of most Dominicans' daily diet, have increased by as much as 200% in the nearly two and a half years since the PLD took power in 2004. The price of milk has increased by 82%; beans by 102%; garlic by 103% and refined sugar went up by 86%. The lowly plantain from the Cibao has increased by 90% and the most common type of bread has gone up by 200%. Beer and rum prices have also increased, but that is logical considering the Selective Consumer Tax placed on alcoholic beverages during the latest tax correction. However, housewives are paying 110% more for their cooking gas (LPG), and even water has gone up by 52%. The cost of other items such as rice, cooking oil, pasta and meat has remained fairly stable. According to the Central Bank, the rising cost of fuel is the major factor in the DR's inflationary process.
The Central Bank reported that the rate of inflation was 0.79% in March. The Consumer Price Index showed accumulated inflation for the first three months of the year at 2.04%.
More... (http://www.dr1.com/index.html#9)
The Central Bank reported that the rate of inflation was 0.79% in March. The Consumer Price Index showed accumulated inflation for the first three months of the year at 2.04%.
More... (http://www.dr1.com/index.html#9)