Dominican Republic: Inflation comes in at highest level since June in November
Consumer prices rose 1.08% from the previous month in November, picking up from the 0.64% rise logged in October. November’s figure was the highest reading since July 2020. The higher print owed itself in large part to higher transport price pressures, amid government-mandated fuel price hikes.
Inflation rose to 8.2% in November, following October’s 7.7%. November’s figure marked the highest inflation rate since June. Annual average inflation edged up to 8.0% in November (October: 7.8%). Finally, core inflation rose to 6.6% in November, from October’s 6.3%.
Inflation should ease in 2022 as supply constraints ease, energy prices moderate, and the country recovers from its recent swine fever outbreak, bringing down domestic food price pressures.