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Santo Domingo.- Dominican Republic’s Central Bank Tuesday that in August price climbed 0.85% compared with July, paced mostly by rises in the cost of fuels.

It said the figure brings the accumulated inflation in the first eight months to 4.19%, lower than the same year ago period, of 9.41 percent.

The Central Bank affirmed that the annualized inflation rate for the last 12 months, from August 2008 to August 2009 fell for the second consecutive month, to -0.47 percent.

“The behavior of the Consumer Price Index in the month analyzed is explained basically by the price adjustments which were verified in fuels during August, attributable to the direct incidence of the increase posted in oil prices in the international market,” it said in a statement.

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COMMENTS
1 comment(s)
Written by: Vivacuba, 9 Sep 2009 9:01 PM
From: Dominican Republic
LF Globetrotter needs to continue jetting across the globe to strengthen middle east ties to minimize the impact of the dolar's demise on the nation. The U.S. economy is going down and everyone tied to this herpes fiat currency is going with em'. Ouch.
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