Dominican Republic Inflation April 2021

Dominican Republic

Dominican Republic: Inflation comes in at highest level since August 2011 in April

May 13, 2021

Consumer prices rose 0.41% in April over the previous month, a smaller increase than the 0.60% rise recorded in March. April's result marked the softest rise in prices since May 2020.

Inflation came in at 9.6% in April, up from March’s 8.3%. April's figure marked the highest inflation rate since August 2011, but was partly the result of a highly favorable base effect. Annual average inflation rose to 5.4% in April (March: 4.7%). Core inflation came in at 5.7% in April, up from March’s 5.6% increase.

Inflation is expected to decline in the second half of the year and fall back into the Central Bank’s 3.0%–5.0% target range, as the base effect grows less favorable.

FocusEconomics panelists project inflation to end 2021 at 4.3%, which is up 0.4 percentage points from last month’s forecast, and 2022 at 4.0%.


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Dominican Republic Inflation Chart

Dominican Republic Inflation April 2021

Note: Annual and monthly variation of consumer price index in %.
Source: Dominican Republic Central Bank.

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