Dominican Republic

Dominican Republic Inflation August 2023

Dominican Republic: Inflation increases in August

Inflation ticked up to 4.3% in August from July’s over three-year low of 4.0%. Looking at the details of the release, the acceleration was largely driven by rising prices for food. In addition, price pressures for transport increased at a stronger rate.

Still, the trend pointed down, with annual average inflation falling to 6.1% in August (July: 6.5%). Meanwhile, core inflation fell to 4.8% in August, from the previous month’s 5.1%.

Finally, consumer prices rose 0.52% over the previous month in August, accelerating from the 0.45% increase seen in July. August’s uptick marked the highest reading since January.

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