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