In this way, the CPI continues between the lower limit and the center of the target range of 4.0 percent ± 1.0 percent for 11 consecutive months since December 2023.
The BCRD explained that this behavior is due to a slowdown in inflation during the last three months, with a rate of 0.09 percent last October due to the decrease in the growth rate of food prices in the basic basket.
Regarding underlying inflation, the entity pointed out that it fell to 3.96 percent at the end of October, also below the center of the target range.
This indicator, he explained, allows us to have clearer signals for the conduct of monetary policy since it excludes some items that do not respond to the liquidity conditions in the economy, such as foods with great variation in their prices, fuels and services with regulated prices such as electricity rates and transportation.
The monetary entity highlighted that the Dominican Republic’s interannual inflation of 3.16 percent in October is one of the lowest in Latin America.
He detailed that in the comparative analysis of October with September, it is observed that the negative variation of 0.33 percent of the Food and Non-Alcoholic Beverages group was the one that made the greatest contribution to inflation last month being just 0.09 percent.
In that sense, he mentioned price reductions in high-demand products such as fresh chicken, green and ripe bananas, chili, onion, among others.
Regarding the Transportation group, he expressed that it experienced an inflation of 0.34 percent in the month of October, mainly attributed to increases in the prices of air tickets, vehicles and tires.
In relation to the Restaurants and Hotels price index, the BCRD indicated that it showed a variation rate of 0.33 percent as a result of increases in the amounts of meals prepared outside the home.
Meanwhile, the Health group price index registered a rate of 0.19 percent due to price increases in hospital services and some pharmaceutical products.
ool/mpv
