Dominican Republic

Dominican Republic Inflation June 2023

Dominican Republic: Inflation recedes to two-year low in June

Inflation eased to 4.0% in June below May’s 4.4%. June’s reading marked the weakest inflation rate in two years. Looking at the details of the release, the moderation came on the back of prices for food growing at a more moderate pace in June. Additionally, prices for transport rose at a softer rate. Lastly, recreation and culture prices also increased at a softer pace.

Consequently, 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.

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