Lower fuel prices, dollar's price keep Dominican inflation in check

Dominicantoday.com, Santo Domingo , September 11 th 2007

Inflation measured by the Consumer Prices Index (CPI) was a negative 0.6 percent during August, the Central Bank said. It said with last month's lower prices the accumulated CPI reached only 3.9 percent this year.

In a report the Central Bank said the August 2006 to August 2007 annualized inflation was 4.6 percent, with which will meet the goal agreed with the International Monetary Fund, of between 6 percent and 7 percent at year end.

It attributes this indicator's fall to the stability of the dollar's exchange rate and lower fuel prices last month. Moneychangers bought dollars at RD$33.10 for one and sold them at RD$33.60 for one.