Dominican Republic: Inflation picks up in April from March
Latest reading: Consumer prices increased 5.1% in annual terms in April, following a 4.6% rise in the previous month. The reading was the strongest in three years and exceeded the Central Bank’s 3.0–5.0% target range.
Relative to the previous month’s data, there were higher price pressures for food and non-alcoholic beverages (+7.0% on a year-on-year basis vs +6.9% in March), transport (+5.3% vs +3.1% in March) and recreation and culture (+2.4% vs +1.7% in March). Finally, the variation in housing and utilities prices was the same as in the prior month (+2.6% in April and March).
Meanwhile, core consumer prices rose 4.9% on a year-on-year basis in April, following a 4.6% increase in the previous month.
Finally, consumer prices rose 0.49% in April in month-on-month terms, following a 0.27% rise in the prior month.