Dominican Republic

Dominican Republic Inflation March 2024

Dominican Republic: Inflation increases in March

Inflation rose to 3.4% in March, above February’s 3.3%. March’s result marked the highest inflation rate since December 2023 and pushed inflation closer to the Central Bank’s target mid-point of 4.0%. Looking at the details of the release, food prices increased at a broadly stable rate in March compared to February, while prices for transport increased at a faster pace.

The trend pointed down slightly, with annual average inflation coming in at 4.0% in March (February: 4.2%). Meanwhile, core inflation was unchanged, coming in at February’s 4.0% in March.

Lastly, consumer prices rose 0.30% in March over the previous month, accelerating from the 0.09% rise logged in February.

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