Dominican Republic: Inflation continues to rise in January
February 10, 2020
Consumer prices rose 0.33% in January over the prior month, up from December’s 0.20% rise. January’s reading was chiefly driven by higher prices for food and non-alcoholic beverages, and recreation and culture.
Inflation rose from 3.7% in December to 4.2% in January, remaining within the Central Bank’s 3.0%-5.0% target range for the third straight month. Core inflation—which excludes volatile items such as certain types of food, fuel and administered prices—was up from 2.2% to 2.4%.
Inflation is seen remaining in the target range in 2020, supported by solid economic growth and a weaker peso, although the recent fall in crude prices, if it proves lasting, could generate downward pressure.
Author: Oliver Reynolds, Economist