Dominican Republic: Inflation increases in August
Latest reading: Inflation ticked up to 3.7% in August from July’s 3.4%, inching closer to the midpoint of the Central Bank’s 3.0–5.0% target range. The result was driven by rising price pressures for food and transport.
Accordingly, annual average inflation rose to 3.5% in August (July: 3.4%). Meanwhile, core inflation hit 4.3% in August, up from the previous month’s 4.2%.
Lastly, consumer prices grew 0.71% in August over the previous month, accelerating from the 0.38% rise seen in July. August’s result was the highest reading since December 2022.