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.