Dominican Republic: Inflation comes in at highest level since June in December
January 14, 2022
Consumer prices rose 0.73% from the previous month in December, lower than the 1.08% rise logged in November. The higher print owed itself in large part to weaker food and transport price pressures.
Inflation rose to 8.5% in December, following November’s 8.2%. December's figure marked the highest inflation rate since June. Annual average inflation edged up to 8.2% in December (November: 8.0%). Finally, core inflation rose to 6.9% in December, from November’s 6.6%.
Inflation should ease in 2022 as supply constraints ease, energy prices moderate, and the country recovers from its recent swine fever outbreak, bringing down domestic food price pressures.