Dominican Republic

Dominican Republic Inflation May 2023

Dominican Republic: Inflation falls to lowest level since July 2020 in May

Inflation eased to 4.4% in May below April’s 5.2%. May’s reading represented the lowest inflation rate since July 2020. The decline was broad-based, with lower price pressures recorded for food, transport, recreation and culture, and housing.

Accordingly, the trend pointed down, with annual average inflation coming in at 7.4% in May (April: 7.8%). Meanwhile, core inflation fell to 5.5% in May, from the previous month’s 5.8%.

Lastly, consumer prices dropped 0.20% from the previous month in May, below the 0.24% rise recorded in April. May’s result marked the weakest reading since April 2020.

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