Dominican Republic

Dominican Republic Inflation October 2023

Dominican Republic: Inflation falls in October

Inflation receded to 4.3% in October, down from September’s 4.4%. Looking at the details of the release, price pressures cooled largely on a softer increase in prices for food. Moreover, prices for housing and utilities grew at a more subdued pace.

Accordingly, the trend pointed down; annual average inflation fell to 5.4% in October (September: 5.7%). Meanwhile, core inflation edged down to 4.6% in October, from September’s 4.7%.

Finally, consumer prices increased 0.22% from the previous month in October, below September’s 0.43% increase. October’s result marked the weakest reading since May.

October’s headline print moved closer to the mid-point of the Central Bank of the Dominican Republic’s 3.0–5.0% target range. Similarly, core price pressures also fell again. Consequently, the Central Bank has room to deliver another interest rate cut when it convenes next at the end of December.

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