Dominican Republic: Inflation falls to lowest level since June 2019 in April
Consumer prices fell 0.82% month-on-month in April, coming after March’s 0.52% decline. April’s reading was chiefly driven by lower food, housing and transport costs.
Inflation fell from 2.4% in March to 1.1% in April, moving further below the Bank’s 3.0%-5.0% target range. However, core inflation—which excludes volatile items such as certain types of food, fuel and administered prices—was up from 2.7% to 2.8%.
Our panelists see inflation ending the year below target due to low commodity prices and weak economic momentum.