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SANTO DOMINGO. - Dominican Republic posted 5.66 percent accumulated inflation by November 30, lower than the 6.01 percent in the same period the previous year, the Central Bank said Tuesday (BC).

It said that 70.32 percent of the accumulated inflation or 3.98 percentage points, is the result of increases in the price of oil abroad and electrical energy.

It said consumer prices climbed 1.07 percent in November, compared with October, of 0.23 percent.

It said the November 2008 to November 2009 annualized inflation was 4.18 percent, lower than the same 2007-2008 period, of 7.21 percent.

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COMMENTS
12 comment(s)
Written by: Blutarsky This user is banned, 17 Dec 2009 8:39 AM
From: Dominican Republic, No Spin Zone
keep us posted
Written by: BASTA, 17 Dec 2009 8:42 AM
From: Dominican Republic, =Ghetto/Legalize Drugs
oil is down
Written by: josean, 17 Dec 2009 9:43 AM
From: United States
So is consumption!
Written by: time2rize, 17 Dec 2009 9:53 AM
From: Dominican Republic
WTF

Crude Oil Falls as Dollar Reaches Three-Month High Against Euro
http://www.bloomberg.com/apps/news?pid=20601085&sid=a2ZPXVYzoSik
Written by: JD_Dominguez, 17 Dec 2009 10:13 AM
From: United States, Reality Check
WTF, is smoke and mirrors. Both the price and consumption of oil are down (the lower usage & demand lowers the price further.... especially in a global recession).

What is happening is that each year at this time merchants know that even poor people want to have a nice Christmas so, they raise prices. Unlike most places that actually lower prices for each November and black Friday to attract consumers via helping them buy more with less dollars. The reverse is true in the DR due to lack of real competition & collusion among merchants. It is basic price gouging...

When the RD$ hit 60 to the US dollar back in 2004, all merchants use that as a valid excuse to raise prices to refect the cost of imports and also in '07/08 when the price of oil accelerated to $150/barrel they again had an excuse to raise prices. However, since the price of oil drop significantly & the RD$ recovered ...merchants don't lower prices but increase the modestly as noted above.

Written by: Ricardolito, 17 Dec 2009 11:00 AM
From: Dominican Republic, vieja Santo Domingo
Firstly the heading is not correct ..the november figure was only 1.07 % in november and the annual figure is 4.18 % which is not too good but much better than the previous year ..Further more ,when one goes shopping it seems to reflect the basic cost of living which has not obviously increased over the last year.
Written by: abc200, 17 Dec 2009 11:16 AM
From: United Kingdom, Dominican Republic
no stupid -the price of beans has gone sky high soon I have to increase prices.....

DR government should start national plan to grow more beans!

W.
Written by: abc200, 17 Dec 2009 11:17 AM
From: United Kingdom, Dominican Republic
no stupid -the price of beans has gone sky high soon I have to increase prices.....

DR government should start national plan to grow more beans!

W.
Written by: Blutarsky This user is banned, 17 Dec 2009 11:23 AM
From: Dominican Republic, No Spin Zone
and you should make every effort to grow a brain
Written by: xwill7, 17 Dec 2009 11:32 AM
From: United States, El cuarto bate
ladrones
Written by: abc200, 17 Dec 2009 11:49 AM
From: United Kingdom, Dominican Republic
Everyone thinks this is the department that Blult sadly llacks
The brain of flea......
Rare for....sure.....
Maybe its .... too late tragic
S.
Written by: Blutarsky This user is banned, 17 Dec 2009 11:56 AM
From: Dominican Republic, No Spin Zone
when the Lord said " brains " wanker thought he said " trains " and missed his
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