Posted: Mon Jun 08, 2009 5:04 am Post subject: Valdez on the economy
The Consumer Price Index for the month of May was at 0.11%, according to Central Bank Governor Hector Valdez Albizu. He announced that during the last five months prices have increased by a "mere" 1%, which brings the annual inflation rate to 0.47%. He added that the DR's inflation rate is lower than in many other Latin American countries. Valdez made his comments during an Exporters Association (Adoexpo) luncheon. Valdez said that although there is no longer a sense of panic in the markets, the international situation is still very fragile. He also added that the number of visitors to the DR had increased by 2.41% in May 2009, compared to a 5% drop in the first quarter.
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