Dominican Republic Inflation September 2021

Dominican Republic

Dominican Republic: Inflation drops to lowest level since February in September

October 14, 2021

Consumer prices rose 0.45% in September over the previous month, which was below the 0.80% increase logged in August. September's result marked the weakest reading since April. The weaker print was in part due to reduced price pressures for food and non-alcoholic drinks as well as for transport.

Inflation dropped to 7.7% in September, edging down from August’s 7.9%. September's figure represented the weakest inflation rate since February. Annual average inflation rose to 7.5% in September (August: 7.3%). Finally, core inflation rose to 6.1% in September, from August’s 5.9%.

Looking ahead, inflation should continue to edge down towards the 3.0%–5.0%target range, thanks to a weaker base effect, reduced supply disruptions and an easing of agricultural and energy commodities prices. An abatement of the international swine fever pandemic, which has decimated pig numbers, should apply further downward pressure. A recent unfreezing of fuel prices could partially offset these factors, however.

FocusEconomics panelists project inflation to end 2021 at 6.2%, which is up 0.8 percentage points from last month’s forecast, and 2022 at 4.5%.


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Dominican Republic Inflation Chart

Dominican Republic Inflation September 2021 0

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

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