Dominican Republic: Inflation rises in September but remains below the Central Bank's target range
October 14, 2019
Consumer prices rose 0.38% in September over the prior month, up from August’s 0.34% uptick. September’s reading was driven by higher prices for food and non-alcoholic beverages, and education.
Inflation rose from 1.7% in August to 2.0% in September, the highest reading since November 2018 but still below the Central Bank’s inflation target range of 3.0%–5.0%. Core inflation—which excludes volatile items such as certain types of food, fuel and administered prices—was stable at 2.1%.
Recent monetary easing has stoked price pressures in past months, and should continue to boost inflation moving forward, along with a weaker peso and a more favorable base effect.
Author: Oliver Reynolds, Economist