Dominican Republic Inflation November 2020

Dominican Republic

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.

FocusEconomics panelists forecast inflation to end 2021 at 3.3%, which is unchanged from last month’s forecast, and 2022 at 3.9%.


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Dominican Republic Inflation Chart

Dominican Republic Inflation November 20 20

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

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