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Inflation Falls in the Dominican
Republic
The Dominican Central Bank has
reported the inflation rate
during the first five months of
the ongoing year went down to
0.77 percent, a drastic drop
from the elevated numbers of
2004.
During the same five month spam
in 2004, inflation had reached
28.53 percent, finishing the
year at 28.73 percent. The
Central Bank reports the country
is well on the road to finish
the year with single-digit
inflation.
Additional data shows that
during the 12 months between May
2004 and May 2005, inflation did
not surpass 1 percent. IMF goals
call for keeping inflation below
10 percent this year.
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