Dominican Republic

Dominican Republic Inflation July 2021

Dominican Republic: Inflation declines further in July

Consumer prices rose 0.54% in July over the previous month, decelerating from the 0.63% increase logged in June.

Inflation decreased from 9.3% in June to 7.9% in July, but remained above the Central Bank’s target range of 3.0%–5.0% for the ninth straight month. Meanwhile, the trend pointed up, with annual average inflation coming in at 7.1% in July (June: 6.8%).

Looking ahead, inflation should continue to move back towards the target range, thanks to a more favorable base effect, the recent pullback in prices for some key agricultural commodities, and government measures such as a fuel price freeze, a cut in prices for certain industrial components and DOP 2 billion in credit for importers of staple food goods.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest