Dominican Republic

Dominican Republic Inflation February 2021

Dominican Republic: Inflation hits highest level since December 2011 in February

Consumer prices rose 0.68% in February over the previous month, a smaller increase than the 0.97% rise seen in January. February’s reading was driven by higher international oil prices.

Inflation increased to 7.1% in February, from January’s 6.2%. February’s result was the highest inflation rate since December 2011. Meanwhile, the trend pointed up, with annual average inflation coming in at 4.2% in February (January: 3.9%). Core inflation rose to 5.4% from the previous month’s 4.9%.

Recent price pressures are judged to be partly transitory, amid weather-related supply issues and higher import prices, and panelists see inflation falling back into the 3.0%–5.0% target range this year as the impact of these factors fades. However, the recent surge in crude oil prices poses an upside risk.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest