Dominican Republic: Inflation continues to recover in October
Consumer prices rose 0.67% in October over the prior month, up from September’s 0.38% increase. October’s reading was driven by higher prices for food and non-alcoholic beverages, housing and transport.
Inflation rose from 2.0% in September to 2.5% in October, the highest reading in 12 months but still below the Central Bank’s inflation target range of 3.0%–5.0%. Core inflation—which excludes volatile items such as certain types of food, fuel and administered prices—ticked up from 2.1% in September to 2.2% in October.
Inflation should continue rising back to target going forward, supported by past monetary easing and a weaker peso.