Oil Price Plunge a Welcome Holiday Gift

DOMINICAN REPUBLIC - Report 22 Dec 2014 by Pavel Isa Contreras and Fabricio Gomez
Executive SummaryEconomic activity continued strong in October, with the monthly economic activity indicator turning in an output rise of 5.9% y/y. Monthly activity growth was 7.1% on average between January and October, and deviation from the average was moderate.Consumer prices fell 0.14% in November, m/m – explained, of course, by the fall in transport prices. The price of regular gasoline fell 7.2%, premium gas by 6.8%, diesel 6%, and GLP by 4.8%. December-to-December inflation will end almost 1 p.p. below the Central Bank’s target range.Monetary policy is still restrictive. The restric...

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