LatinNews Daily - 16 February 2022

In brief: Rising inflation in Dominican Republic

*The Dominican Republic’s central bank (BCRD) has released new figures which show the country’s consumer price index (CPI) rose 1.18% in January 2021 compared with the previous month, bringing year-on-year inflation to 8.73% - well beyond its 4 % ± 1 % target. The BCRD said that inflation was driven by housing (+3.45%), food & non-alcoholic drinks (1.17%) and transport (0.88%). At the end of last month, the BCRD raised its benchmark interest rate from 4.50% to 5.0% citing inflationary pressures.

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