Dominican Republic Inflation March 2022

Dominican Republic

Dominican Republic: Inflation rises in March

April 12, 2022

Consumer prices rose 0.67% from the previous month in March, coming in below the 0.92% rise recorded in February. March's result marked the weakest reading since October 2021. The government’s freezing of fuel prices—in place for several weeks—has helped keep a lid on price pressures despite red-hot oil prices.

Inflation came in at 9.1% in March, up from February’s 9.0%. March's reading represented the highest inflation rate since June 2021. Annual average inflation rose to 8.7% in March (February: 8.6%). Finally, core inflation was unchanged, coming in at February's 7.0% in March.

FocusEconomics panelists project inflation to end 2022 at 6.7%, which is up 0.9 percentage points from last month’s forecast, and 2023 at 5.2%.


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Dominican Republic Inflation Chart

Dominican Republic Inflation March 2022

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

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