Dominican Republic: Inflation hits highest level since July 2013 in December
Consumer prices rose 0.48% over the previous month in December, which was below the 0.60% rise recorded in November. December’s result marked the softest rise in prices since May. December’s lower reading was driven by a fall in food prices.
Inflation came in at 5.6% in December, up from November’s 5.3%. December’s reading marked the highest inflation rate since July 2013. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 3.8% in December (November: 3.6%). Lastly, core inflation rose to 4.8% from November’s 4.6%.
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.