Dominican Republic Inflation February 2020

Dominican Republic

Dominican Republic: Inflation dips in February but stays within the target range

March 7, 2020

Consumer prices fell 0.13% in February over the prior month, contrasting January’s 0.33% increase. February’s reading was chiefly driven by lower housing and transport costs.

Inflation fell from 4.2% in January to 3.7% in February, but remained within the Bank’s 3.0%-5.0% target range for the fourth straight month. Core inflation—which excludes volatile items such as certain types of food, fuel and administered prices—was up from 2.4% to 2.5%.

Inflation is seen at the lower end of the target range in 2020, supported by solid economic growth. However, the recent large fall in oil prices poses a downside risk to inflation going forward.

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

Author:, Economist

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Dominican Republic Inflation Chart

Dominican Republic Inflation February 20 20

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

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