Dominican Republic Inflation September 2022

Dominican Republic

Dominican Republic: Inflation drops to lowest level since December 2021 in September

October 19, 2022

Inflation came in at 8.6% in September, down from August’s 8.8%. September's figure represented the weakest inflation rate since December 2021. Looking at the details of the release, prices for food grew at a weaker pace in September. Prices for transport also grew at a slower rate. Lastly, recreation and culture price growth moderated from the prior month.

Still, the trend pointed up slightly, with annual average inflation coming in at 8.9% in September (August: 8.8%). Meanwhile, core inflation edged down to 7.0% in September, from August’s 7.1%.

Lastly, consumer prices increased 0.29% over the previous month in September, accelerating from August's 0.21% increase.

FocusEconomics panelists project inflation to end 2022 at 8.0%, which is up 0.3 percentage points from last month’s forecast, and 2023 at 5.7%.


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Dominican Republic Inflation Chart

Dominican Republic Inflation September 2022

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

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