Dominican Republic Inflation December 2021

Dominican Republic

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.

FocusEconomics panelists project inflation to end 2022 at 4.9%, which is up 0.4 percentage points from last month’s forecast, and 2023 at 3.9%.


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Dominican Republic Inflation Chart

Dominican Republic Inflation December 2021 1

Note: Annual and monthly variation of consumer price index in %.
Source: Dominican Republic Central Bank.

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