Dominican Republic: Inflation moves further within target range in December
January 9, 2020
Consumer prices rose 0.20% in December over the prior month, down from November’s 0.37% rise. December’s reading was chiefly driven by higher prices for housing, and recreation and culture.
Inflation rose to 3.7% in December from 3.2% in November, remaining within the Central Bank’s 3.0%-5.0% target range for the second straight month. However, core inflation—which excludes volatile items such as certain types of food, fuel and administered prices—was notably lower at 2.2%.
Inflation is seen remaining in the target range in 2020, supported by solid economic growth and a weaker peso.
Author: Oliver Reynolds, Economist