Dominican Republic Inflation September 2020

Dominican Republic

Dominican Republic: Inflation rises further in September

October 11, 2020

Consumer prices rose 0.60% over the prior month in September, down from August’s 0.78% rise. September’s reading was driven by significantly higher food, education and transport prices.

Inflation rose from 4.8% in August to 5.0% in September, hitting the upper bound of the Bank’s 3.0%–5.0% target range. Core inflation—which excludes volatile items such as certain types of food, fuel and administered prices—was up from 4.2% to 4.3%.

Our panelists see inflation ending 2020 at 2.2%, which is up 0.4 percentage points from last month’s forecast, and 2021 at 3.2%.


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Dominican Republic Inflation Chart

Dominican Republic Inflation September 20 20

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

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