Dominican Republic: Inflation steady in October
Consumer prices increased 0.66% from the previous month in October, accelerating from the 0.60% rise logged in September. October’s reading was driven by notably higher food prices, likely linked to the impact of drought earlier this year and recent storms.
Inflation was stable at 5.0% in October, at the upper limit of the Bank’s 3.0%–5.0% target range. Annual average inflation rose to 3.4% in October (September: 3.2%). Lastly, core inflation ticked up to 4.4% from the previous month’s 4.3%.