Dominican Republic: Inflation picks up in November
December 14, 2020
Consumer prices increased 0.60% over the previous month in November, a smaller increase than October's 0.66% rise. November’s reading was driven by higher prices for food and non-alcoholic beverages, transport and housing.
Inflation came in at 5.3% in November, which was up from October’s 5.0% and above the Bank’s 3.0%–5.0% target range. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 3.6% in November (October: 3.4%). Core inflation rose to 4.6% from the previous month's 4.4%.
Recent price pressures are judged to be partly transitory, amid weather-related supply issues and higher import prices, and panelists see inflation falling from its current level next year as the impact of these factors fades.