LatinNews Daily - 8 January 2025

*The Dominican Republic’s central bank (BCRD) has released new figures which show monthly inflation in December was 0.70%, bringing the year-on-year rate to 3.35%. This is up from monthly inflation in November of 0.16%, when the year-on-year rate was 3.18%. Nonetheless the BCRD says that the December annual figure is the lowest of the last six years, and within its target range of 4.0% +/- 1 percentage point. The December year-on-year rate is down from 3.57% in 2023, 7.83% in 2022, and 8.50% in 2021. Monthly inflation in December was driven by food & non-alcoholic drinks (+1.53%), and in particular, a rise in prices of products such as green plantains, chicken, chilli peppers, onions, and coffee, among other things.