Dominican Republic: Inflation recedes further in June
Inflation eased to 4.0% in June below May’s 4.4%. June’s reading marked the weakest inflation rate since June 2020. Looking at the details of the release, the moderation chiefly reflected prices for food growing at a more moderate pace in June. Moreover, prices for transport rose at a softer rate. Lastly, recreation and culture prices also increased at a softer pace.
Accordingly, the trend pointed down, with annual average inflation coming in at 6.9% in June (May: 7.4%). Meanwhile, core inflation edged down to 5.3% in June, from May’s 5.5%.
Lastly, consumer prices rose 0.22% in June over the previous month, swinging from the 0.20% fall logged in May.