Dominican Republic Inflation October 2022

Dominican Republic

Dominican Republic: Inflation drops to lowest level since November 2021 in October

November 3, 2022

Inflation came in at 8.2% in October, down from September’s 8.6%. October’s figure represented the weakest inflation rate since November 2021. Looking at the details of the release, prices for food and non-alcoholic beverages grew at a weaker pace in October. Prices for transport also grew at a slower rate. Lastly, housing and utilities price growth moderated from the prior month.

Meanwhile, the trend was unchanged, with annual average inflation coming in at September’s 8.9% in October. Core inflation edged down to 6.9% in October, from September’s 7.0%.

Lastly, consumer prices increased 0.28% over the previous month in October, easing marginally from September’s 0.29% 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 October 2022

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

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