Inflation Falls Under One Percent in the Dominican Republic

According to a report from the Dominican Central Bank, inflation during the first five months of the ongoing year went down to 0.77 percent, fulfilling the expectations of the International Monetary Fund in a drastic change to the elevated numbers from 2004.

During the same five month period in 2004, inflation had reached 28.53 percent, finishing the year at 28.73 percent. The Central Bank reports the country is in very good shape 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.