Dominican Republic: Inflation moves further below target in May
June 23, 2020
Consumer prices fell 0.11% over the prior month in May, coming after April’s 0.82% decrease. May’s reading was driven by lower prices for food and non-alcoholic beverages, and education.
Inflation fell from 1.1% in April to 1.0% in May, 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 2.8% to 3.1%.
Our panelists see inflation ending the year below target due to low commodity prices and weak economic momentum.