Dominican Republic: Inflation rises in May from the prior month
Latest reading: Consumer prices were up 5.3% on a year-on-year basis in May, following a 5.1% increase in the prior month. May’s reading was the strongest since March 2023 and topped the Central Bank’s tolerance range of 3.0–5.0%.
Relative to the prior month’s data, there were higher price pressures for transport (+7.5% in annual terms vs +5.3% in April) and recreation and culture (+2.7% vs +2.4% in April). In contrast, price pressures reduced for food and non-alcoholic beverages in May (+6.6% vs +7.0% in April). Finally, the change in housing and utilities prices was the same as in the prior month (+2.6% in May and April).
Meanwhile, core consumer prices were up 4.9% in annual terms in May, unchanged from the prior month’s reading.
Finally, consumer prices were up 0.31% in May on a month-on-month basis, following a 0.49% rise in the previous month.