Dominican Republic

Dominican Republic Inflation December 2022

Dominican Republic: Inflation reverts downward trend in December and picks up slightly

Inflation edged up to 7.8% in December from Novembers 7.6%. Decembers slight acceleration marked the reverse of the downward trend inflation had been on since April 2022, when it peaked at 9.6%. Looking at the details of the release, the pick-up was largely due to rising prices for food.

Still, the trend pointed down; annual average inflation edged down to 8.8% in December (November: 8.9%). Meanwhile, core inflation was steady, coming in at November’s 6.6% in December.

Lastly, consumer prices rose 0.96% in December over the previous month, picking up from the 0.47% rise seen in November. December’s uptick marked the highest reading since January.

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