Dominican Republic Inflation December 2019

Dominican Republic

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.

FocusEconomics Consensus Forecast participants expect inflation to end 2020 at 3.2%, which is unchanged from last month’s forecast, and 2021 at 4.1%.

Author:, Economist

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Dominican Republic Inflation Chart

Dominican Republic Inflation December 2019

Note: Annual and monthly variation of consumer price index in %.
Source: Dominican Republic Central Bank.

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