Sunday, December 10, 2023

In March the lowest year-on-year inflation was registered in more than two years, says Economy

He Ministry of EconomyPlanning and Development reported this Monday that inflation continued to slow down last March and registered an interannual variation of 5.90%, the lowest in the last 27 months (since December 2020).

The Minister of Economy, Planning and Development, Pavel Isa Contrerasstressed in a statement that the inflation is yielding, referring to the effects caused by covid-19 and which were aggravated by the war in Ukraine.

“The country exceeded the crisis of covid-19, it was very challenging, but under the leadership of the entire Government and the participation of society we were able to get out of that unscathed experience and recover at a speed with an intensity that has been an example in the world and with much less damage than what we could have had, ”he said.

The information specified that the “Macroeconomic situation report: monitoring of the situation in March 2023”prepared by the ministry, pointed out that the group that had the greatest contribution to the moderate inflation in March was communicationsgiven the reductions observed in the prices of telephone, television and internet services.

At the regional level, the report specified, the east experienced in March the YoY inflation higher (6.57%), although lower by 0.40 than that registered in the previous month (6.97%).

In magnitude, they are followed by southern region (6.26%) and the northern region (6.21%), however, with lower rates than those observed in February. The Ozama region, which includes the National District and the Santo Domingo province, had the lowest interannual variation, equivalent to 5.41%.


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