Dominican Republic Inflation January 2020

Dominican Republic

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.

FocusEconomics Consensus Forecast participants expect inflation to end 2020 at 3.1%, which is down 0.1 percentage points from last month’s estimate, and 2021 at 3.9%.

Author:, Economist

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Dominican Republic Inflation Chart

Dominican Republic Inflation January 20 20

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

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