Dominican Republic

Dominican Republic Inflation February 2023

Dominican Republic: Inflation cools to over two-year low in February

Inflation came in at 6.4% in February, which was down from January’s 7.2%. February’s reading represented the weakest inflation rate since January 2021. The cooling of price pressures was largely due to a slower rise in prices for food. In addition, price pressures for transport rose at a softer rate. Moreover, prices for housing grew at a more subdued pace.

Cosnequently, the trend pointed down slightly, with annual average inflation coming in at 8.5% in February (January: 8.7%). Meanwhile, core inflation edged down to 6.4% in February, from the previous month’s 6.6%.

Finally, consumer prices increased 0.11% in February over the previous month, moderating from the 0.63% rise recorded in January. February’s result marked the weakest reading since May 2020.

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