However, the largest variations were in quintile 1, with an increase of 0.74%, equivalent to RD$200.3, according to a publication by the Ministry of Economy.
Last July, the cost of the family basket rose in all quintiles, but the greatest variations were in quintile 1, with an increase of 0.74%, equivalent to RD$200.3, according to the Macroeconomic Situation Report of the Ministry of Economy, Planning and Development.
The cost of the family basket of the 1st quintile, made up of people with the lowest income, went from RD$27,044.03 to RD$27,244.32 from June to July of this year.
Quintile 1 represents the 20% of households with the lowest level of expenditure, while quintile 5 is made up of the 20% of households with the highest level of expenditure.
In quintile 2, the cost of the family basket rose by 0.65% (RD$227.9), from RD$35,189.60 to RD$35,417.52.
In quintile 3 there was a variation of 0.61%, for an increase of RD$252.9 and went from RD$41,562.33 to RD$41,815.21.
The increases in the first three quintiles are mainly due to the higher incidence of food products, according to the Ministry of Economy.
In quintile 4, the cost of the basket rose by RD$230, which is equivalent to an increase of 0.48%. It went from RD$48,183.67 to RD$48,413.67 between June and July.
The average cost of the national family basket is RD$45,494.6, for an increase of 0.53% compared to June.
In July, all regions recorded increases in annual inflation rates.
The Southern region recorded the largest increase, with a variation of 0.73%, due to the significant impact of the food and non-alcoholic beverage group in the area.
The North and East regions followed with variations of 0.60% and 0.59%, respectively. The Ozama region had the lowest increase with a variation of 0.40%.
In terms of year-on-year inflation, the Southern region led with a rate of 4.11%, followed by the Ozama region with 3.48% and the Eastern region with 3.62%. The Northern region recorded the lowest inflation rate for the eighth consecutive month, with 3.36%.
In September 2020, the cost of the family basket was RD$15,109.69 for the first quintile and RD$66,097.90 for the highest quintile.
The country’s family basket includes goods and services such as food, clothing, housing, medicines, medical consultations, transportation, household appliances and education.
In July, tradable goods increased by 0.69% compared to June.
This increase was mainly due to increases in high-weighted foods in the basket, such as fresh chicken and rice, as well as in housing rent, meals prepared outside the home and personal care services. Tradable prices rose 0.37% in July.
