Dominican Republic: Inflation falls to lowest level since February 2021 in January
Inflation eased to 7.2% in January from December’s 7.8%. January’s figure represented the lowest inflation rate since February 2021. Looking at the details of the release, January’s moderation came on the back of prices for transport growing at a slower pace. Moreover, prices for housing increased at a more subdued pace. These more than offset prices for food increasing at a quicker pace in January.
Consequently, the trend pointed down, with annual average inflation ticking down to 8.7% in January (December: 8.8%). Meanwhile, core inflation was stable, coming in at December’s 6.6% in January.
Lastly, consumer prices increased 0.63% over the previous month in January, moderating from December’s 0.96% increase.