Dominican Republic Inflation

Dominican Republic

Inflation continues to slow in September

In September, consumer prices rose 0.49% over the previous month, according to preliminary Central Bank data. The increase came in below the 0.66% rise seen in August and was mainly due to higher prices for education, housing and transportation.

Annual headline inflation fell from 5.3% in August to 5.1% in September. Inflation is currently within the Central Bank's tolerance margin of plus/minus 1.0 percentage points around its 5.0% target.

Meanwhile, the Central Bank maintained its monetary policy rate at 6.25% at its 30 September meeting, after the substantial hike of 200 basis points in August.

FocusEconomics Consensus Forecast participants expect inflation to end the year at 5.0%, which is up 0.1 percentage points over last month's projection. For 2014, panelists anticipate that inflation will moderate to 4.4% by year-end, which is unchanged over the previous month's estimate.

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Dominican Republic Inflation Chart

Dominican Republic Inflation September 2013

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

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