if the Central Bank says 1.26%, just multiply that number by 3 to get the real figure

Of course look at that Honorable non-Biased "Credible" Source!

like china they give out honest and fair numbers..... u can trust their numbers. does a bear s....... in the woods?

do they think that all in the dr have a intelligence of a "new england cod fisherman"

choo choo
all aboard the casa de campo express.
starting sunday even the poor dominicans are welcome.
hey! many times dominicans are upset that the hotels want only their guests to use their beaches....... pools...???
see how the rich and famous that live in the casa de campo really care about u poor folks.... come and enjoy we cant wait for u to show up this weekend.....this week only the world-famous dr. salomon melgen will give each and every poor boy a salami to take home with them..... all girls under the age of 15y old are more then welcome to spend the night.....with the dr and his friends.....

bull shit!

Written by: dreadlocks, 9 Feb 2013 9:51 AM
From: United States

if the Central Bank says 1.26%, just multiply that number by 3 to get the real figure

Written by: josean, 9 Feb 2013 9:52 AM
From: United States,


Of course look at that Honorable non-Biased "Credible" Source!



Written by: danny00, 9 Feb 2013 10:01 AM
From: United States,

like china they give out honest and fair numbers..... u can trust their numbers. does a bear s....... in the woods?

Written by: BASTA, 9 Feb 2013 10:49 AM
From: Dominican Republic,

bull shit!




Summation:



DreadyJoseanDannyBasta Econometrics Data Services


Danny's.................... "00" is worthy of your comments.



:)

i have a poll number for all of you.get in your car and drive around the island(not punta cana or casa de campo lol)and see for urself and tell me if the polls numbers are right when you see the poverty trail on your road trip and all the for sale(se vende) signs.lol

Atabey, do you know how inflation statistics are compiled? firstly, it is obvious that this report was issued for people like you, who know less than nothing. when one looks at inflation, the numbers are compared to the numbers in the same month of the previous year. that should be evident to even an economic analfabeto like you, since price rises and falls are sometimes seasonal, depending on what the items in the family basket are. food produce prices in January are not necessarily the same as in July, depending upon output characteristics of different months. secondly, i fail to see how you can investigate the effects of a tax change that is less than a quarter in duration. the effects need time to take hold, due to little matters such as inventory drawdowns, and replacement. there are people who are selling off inventory that was in place before the tax regime changed, and are simply adding 2% itbis to the end user charges, as opposed to a full VAT

so, Atabey, as i have always suggested to you, go get some basic education in economics before you seek to contest these matters. one line quips, based on total ignorance, makes you look bad. real bad.you do more damage to your credibility than anyone of us ever could.

All I know is that my weekly visit to Super Pola now costs an extra $1400rd on what $7000rd would buy me 4 months ago....generally same items purchased weekly I do my my own inflation studies....yes...it costs significantly more now than 4 months ago. Gas is WAYYYYYY up! An non stop climb.

Add to that...18% borrowing....84.7% credit card interest...certainly does not make this the island of opportunity for many.

Let's see 1.26% times 12 months=5% plus or minus 1%.
and the devaluing of the peso is included, I'm certain.
I promise,
Rodney Dangerfield
President of Central Bank

be careful with using facts, PuntaCanaMike...Atabey will tell you that it is nonsense.

corruptman, the devaluation is yet to come. what you are witnessing is just a creep.

Atabey,

We just found out what's keeping deadlocks and his posse awake...

ADDICTED TO COFFEE ENEMAS
nydailynews.com/life-style/health/florida-couple-addicted-coffee-enemas-article-1.1259169

8-)

Siempre pa'lante!

at least we are awake. that is in contrast to you, a guy who is certifiably brain dead.

Sure, awake, zombie like awake!

( ';' )

What would you expect from a Dominican governmental agency, the truth?

Anybody who believes or promotes anything said by our government must be a member of the purple gang.

@PuntaCana,

You stated: """Add to that...18% borrowing....84.7% credit card interest...certainly does not make this the island of opportunity for many."""

Are credit cards interest really 85%? Wow! Things are really way, way more worse than I had considered. Given Dominicans propensity for instant gratification and show-offness and projecting a life way beyond their means, I would gather many, many are clearly under water and deep and with no hope of ever emerging. Really sad state of affairs in our beloved country.

MJEV.

My wife can measure the economy better than those dumb asses, at the Banco Central.

And, better than some of the commentators in this forum.

This is what she has to say about the economy
.
Wow the prices are a lot higher at the gas pump, at Supermercado Nacional, and El Bravo too !!!

So I said:

Honey you are an Economic genius !!!

LOL

Still cheaper to live here compared to 1st world countries........just sayin'.
Tax reform is a global reality Debt is rising faster than income for
individuals and countries alike. Taxing is one possible solution, but so is
trimming bloated government programs and cleaning up corruption. So far
Danilo seems, at least on the surface, to be headed in the right direction.
But he's still new, we'll see what develops and if he really has cojones....

As for the inflation is concern.

How much more money is Danilo borrowing, with the new bonds issues ??

What, there is a currency war in the international market ??

How much is Japan lowering its Yen currency value ??

How much currency is going to be lowered in other Asian and European countries ??

How much is the US dollar going to be lowered ??

We are now all interdependent and inflation is imminent !!

edit

last year, around this time. i was paying 49 pesos per pound for rabo. i laid off eating red meat, but i had this craving around christmas, and i went to La Sirena to buy two pounds....71 pesos per pound!!! i said 'fluck this, i am not paying that for a bunch of bones". well, today, a little less than 2 months later, i saw it again, and i got a jones to buy some...well, not at 85 pesos per pound, as it stands today.

Dready,
Aren't consumer taxes imposed when the consumer buys, regardless of when the retailer purchases it?
(PS what's "rabo"?)

RoyStone

Rabo is = Oxtail

It may mean a woman's vagina, in vulgar slang also.

Dready was talking about the first.

LOL

says rokete

Dready was talking about the first.

what makes you so sure? LOL

Thanks, rokete
My penchant is for the latter. At 85 pesos per pound it is still very reasonable.

i think iam going to ecuador of nicaragua lol,time to move lol

Roy

They are both full of savory tastes, and delicious sensations.

Dready

Good choice !!!

Either way it OK !!

LOL

rokete, i do not choose. i get them both..lol

The article takes a little bit of interpretation , but of course the effect of the tax reform has been lower than the anticipated amount because for a month , major shops did ot pass the extra amount on .or passed on only a portion . Most people have not yet paid the extra tax on properties , they have until late March , and of course we do not pay the enormous increase in car registrations until about september .But inflation has to be driven higher soon by the weekly petrol increases , Most people have told me that rents have been holding steady and I have noticed that the bus and gua gua prices are the same or only fractionally higher .
I have never seen the basket or the weightings that comprise the price index ,,but for the majority of people there are about 8 basic items that need to be held in check .
I do not spend the large amount that PC MIke does ,,but I shop around and can tell you that chickens at Jumbo are by far the most costly

In the long run, there is no such thing as "cheap meat" - in the end you always pay one way or another.

Written by: RoyStone, 9 Feb 2013 6:04 PM
From: Australia

Thanks, rokete

My penchant is for the latter. At 85 pesos per pound it is still very reasonable."


Too much sense Roy. Some people believe it should cost close to nada or stay the same price!


One of the major changes faced by Dominicans is their wish for stable to decreasing prices for the things they consume. Of course, many consumers throughout the world too wish for this Holy Grail, but as you well stated, even 85 pesos a pound is CHEAP EATS. $2.00 a pound !

So consumer demand increases for meats and prices shouldn't change?


Dready, get it while it's STILL cheap.


Beef steer oxtails 11 lbs bulk package

Price $46.95

Item 0111

Price $4.26 per pound in a 11 lbs bulk package. This high quality oxtail makes a great stew, bean soups,and is widely used in traditional Caribbean dishes.

Perhaps Dready can get together with a group and purchase directly from the farmer?

Heck the first "problem" wouldn't be so in DR. LOL

eyfound says:
April 18, 2011 at 9:33 am

I am from a beef farm, and I can tell you that home raised beef is way better than anything bought from a store. The most expensive part about buying from a local rancher is the packaging though. We have had people wanting to buy from us and we usually decline for 2 reasons.

1) Liability, we didn't want anyone blaming the beef if they were to get sick or something( would never happen….but my dad was this cautious about everything).

2) People only wanted steaks or roasts.(meanwhile there is tons of hamburger to deal with)

So a little tip if you are wanting to buy from a farmer. Get a few buddies and buy the entire animal, than tell him which cuts you want in a priority (as many roasts as possible, than steaks, than hamburger)

Than everyone take an equal share of everything.

You can go to the barrio and buy platanos from the street vendor for a lower price than the supermarket, but is it worth the risk? Many on this site would get ripped off anyway.

danny00 you are drinking way too much... Don't drink and type!

Ricky...my shopping basket is for a family of 4 plus the support of 2 others.

HE PURPLE DRAGON MEDAL RIBBON. Daily Update as of DTG: 10 FEB 13 (18172EST)
CITATION:
THE PDMR is awarded to the following ignorant, functional illiterates, third world morons; for their contribution and dedicated effort in support of the Purple Dragon thugs and corrupt Dominican ruling elite. This group of dedicated rabid ASS-KISSERS, BOCA DE BURROS, are the pundits of the Purple Dragon cause in DT.

DANILO/Pajaro del Tordo (climbed up to # 1; has shown great potential to stay on this spot)
Anthony AC (wanted in Juan Dolio, Guavaberry and SPM area)
JHC-
ATABEY
OHHHVICTOR (showing your true colors once again)
IMARTINEZ
CARLOSFRANCO
DON B DUMB (SILENT)
JARABACOA
BERNIES
AnthonyC (same as John, MEGA A***Hs)
TRUJILLO
LAREGLA
DREAMKILLER AKA: Sandusky
LV ROD
IMARTINEZ
PEPE32
Danni00 (Haitian displaced laborer, first cousin of Mr Coon)

Beginning Monday, readers who want to comment on stories posted on MiamiHerald.com will be required to log in using a Facebook account. We believe that anyone who has something to say should be willing to put their name to it.

With these changes, we are likely to have fewer comments on our stories. We hope the trade-off will be a sharp improvement in the quality of the exchanges, a result reported by other news organizations that have made the switch.

Just another veiled attempt at censorship!

I’d be the first to tell you how little I know about economics. Too many numbers put me in a trance. However, there are some basic principles about it that seem-clear cut and simple.
One of them is whatever price one pays for any item, has everything to do with the ENERGY put into it, to produce it. The more energy, the higher the price.
That’s why beef costs more than pork or chicken. Or an automobile costs more than a horse, most times.
This being the case, it stands to reason that lower energy costs for manufacturing/producing, will have a trickle- down effect as lower price to its intended market.
Without a doubt, the price of oil is the highest contributor to inflation in a nation’s consumer price index.
Oil prices can fluctuate some but, generally, have a tendency to go up. This afflicts us all with unequal intensity, giving the poor a bigger share of the burden.

What I've just said isn’t a mystery to most. What IS, is why we aren’t doing something about it as a national priority; As something we can fight and gradually eliminate. We go about our business, praying gas prices will be lower tomorrow. It never is!. Oh, sure it can go down a few cents, here and there, but at the end of the fiscal year, it’s 10% higher with no hope of ever being what it was before.
Y’all see me posting this same topic, in one form or another, and likely tired of it. But there’s something you, as a group, can help me understand:
What is it about people, businesses, nations, or groups of nations, that can’t see the end of oil coming? And DO NOT enact some kind of concrete resolution to counter that eventuality? ..Is there something I don’t know about, that perhaps some of you can help me clarify? Why are we not seeing more serious research/efforts with more determination than ever? What Am I missing?!!
Please help me folks! The black hole of ignorance, frighte

Absolutely, Ron
30 years ago the Brazilian military regime led the world by the implementation of ethanol to reduce the country's dependency on imported oil. The Dominican sugar industry is no longer competitive so conversion to bio-fuel makes sense to me. However this would require innovation, engineering expertise, hard work and discipline - nowhere to be found in the Duminican Republic, and as the Barrick Gold fiasco is proving, this banana-republic is not suitable for foreign involvement either.

"suitable for foreign involvement either."

Not under the terms of Indentured Servitude in their own country!

Ron, i feel your pain, but the ethanol business is a horror story. Jamaica has been producing ethanol since 2006. at one point, it was profitable. however, things have changed, and at least one of the factories has closed. why? commodity prices. the price of sugar has doubled on the commodities market, and so you understand the competition for the raw material. the government of Jamaica had a deal to import anhydrous ethanol from Brazil, but their raw material stocks have dwindled, and so the costs to purchase it have gone up. i wish it was simpler, but those are the realities. why do you think they are reviving sugar plantations like Montellano? yes...sugar prices are exploding.

josean says: "Not under the terms of Indentured Servitude in their own country!"

You're being too kind by giving it an indentured servitude naming to this armed assault to the national purse. But I guess Roy and his ilk still believe there are Tainos left on this island which they can dupe with mirrors in exchange for the gold.

Lautaro,
You are displaying your ignorance of your own history.
Tainos were not "duped with mirrors in exchange for the gold." - they were threatened with having their hands chopped off if they didn't give one hawks-bell full of gold dust every two weeks. This was not by my ancestors, the British, but by yours, the Spanish, who unlike the British colonists, committed genocide wherever they went.

Stop pointing fingers RoyStone

"The genocide of indigenous peoples refers to actions taken by those who conquer a territory and then carry out deadly actions against the original inhabitants.

Various European empires such as the Spanish and British Empire have been accused of carrying out genocidal campaigns against the indigenous peoples of the Americas.

Settler colonialism has also been linked to genocide against indigenous populations.

The colonization by the European empires of the Americas, Australasia, Africa and Asia was often accompanied by massacres and in some cases total annihilation. "

Roy says:

"You are displaying your ignorance of your own history."

"This was not by my ancestors, the British, but by yours, the Spanish, who unlike the British colonists, committed genocide wherever they went."

Look at the pot calling the ketttle. You might want to go and play innocent to the descendants of the millions of Africans sacrificed by your Brit ancestors and your Frenchie pals on the plantations of Caribbean sugar islands (plus the western third of this island), or the Caribs you people displaced from those very same islands, and see what they have to tell you. Fool us once, shame on you; fool us twice, shame on us.

Besides, Roy, if you Aussies are so in love with Barrick, why don't you invite them to your outback? I'd rather have the gold from Pueblo Viejo here to lie there unused than see us robbed blind again by another multinational like the Yanks from Alcoa did with the bauxite from our south all those decades ago.

Mr Lautaro, the Jamaican economy went down the tubes when the late Michael Manley demanded that Alcoa should give the Jamaican government a fair price per ton for bauxite. the US government responded by arming the opposition thugs to sabotage the re-election chances of Manley. when the election was over, the thugs had no further use for the guns but to turn them on their own people. the out of control violence in Jamaica has its roots in the response of the USA to the request for a fair price for a dwindling, irreplaceable asset.

Speaking from a geological point of view, I wouldn't be surprised if the bauxite veins in Jamaica were connected to the ones here through the Enriquillo-Plantain garden fault system, dread.

they very well might be, Mr Lautaro. very interesting observation. which companies are operating here? Alcoa? Alcan? the usual suspects?

Playing with some numbers. ITBIS from 16% to 18% = +12.5% increase in tax rate

Box of stuff costs $100.00 -old ITBIS $100 + $16 new ITBIS $100 + $18

Box costs $2.00 more to buy or 2%.

Plus many food items that had no tax now have an 8% tax.

Currently, the state is the only one there, dread. Alcoa retired from the region at the end of the 70's, when the state, along with other IBA members, decided to apply a levy to their operations (which was long overdue, IMHO). They only left the ecological damage for the locals to deal with.

besides, chillinout, you have to consider weighting. let us say that the price of rice goes up by 2%, and the price of something like socks goes up by 2%. that does not simple mean that you take the average of the two articles. you have to WEIGHT them, since people spend far more money on rice than on socks. a 2% rise in rice has a far bigger effect on inflation than socks do.

Mr Lautaro, that was one good example of how the nations of the caribbean could join forces to fight against a common enemy. sadly, after that moment, we all went our separate ways, trying to compete against each other for the tourist dollar. i am amazed that the Russians or Chinese have not negotiated with the DR government for mining rights.

Yeah, I'm surprised about that as well, specially nowadays with the increasing commercial tides the current administration have forged with the Russian regime. In the Chinese case, though, things are more complicated due to the political establishment's clinging to the Taiwan relationship, which will always be a no-no when dealing with the continental giant.

that Taiwan move was a horrendous blunder!! whose idea was that?

Trujillo's and the US Department of State. It's a sad inheritance of the Cold War era that the subsequent political establishment have refused to part with. The same thing happens in the Central American countries, sans Costa Rica, which broke ties with the rebel island on 2007, I think.

Ron Evans ..I have a feeling that there is a lot going on to reduce our use of petroleum ..and here , in a sun filled small island, the use of batteries recharged by the sun seems a way to go .

As for gold mining in aAstralia Barrick has been there for many years and is currently advertising for people to work in specialised positions ..not much use to people in the DR who have no training ,,they pay their dues to the government as do all miners and there are many references about their operations and those of their subsidiaries and joint partners ..