For the month of November of last year, the prices of products such as cassava, green bananas and superior rice registered increases, which explains the monthly variation in the price index of agricultural products, according to the report “Agricultural prices: analysis and follow-up November 2024.
According to the monthly report of the Vice Ministry of Economic and Social Analysis (VAES) of the Ministry of Economy, in the eleventh month of 2024 the price of cassava varied 0.49%, green banana 0.33%, superior rice 0.19% and other products 1.67 %.
This led to the agricultural price index standing at 124.5 points in November, which represented a monthly variation of 2.9%.
He also explains that the price index for livestock products stood at 129.6 points in November, for a monthly variation of -0.7%, a behavior that is explained, he indicates, by the increase mainly in the prices of processed chicken.
On Tuesday, the Central Bank of the Dominican Republic (BCRD) reported that the year 2024 closed with controlled inflation, placing it within the target range established by the authorities.
He explained that the consumer price index (CPI) presented an interannual variation of 3.35% in December 2024, lower than the rate of 3.57% observed in December 2023, being the lowest annual inflation in the last six years.
“Inflation remains between the lower limit and the center of the target range of 4.0% ±1.0% established in the monetary program, despite an increase in the main foods of the basic basket: green bananas, chicken, chili peppers, onions, coffee , green bananas, eggs, potatoes and rice,” he indicated.
The report from the Ministry of Economy also details that in November supermarket prices of garlic and green bananas were below the sales price in other retail markets.
While in contrast, it indicates, potatoes, superior rice, smoked pork chop, processed chicken, pinto beans and avocado exhibited higher prices in supermarkets.
