Dominican Republic Inflation July 2020

Dominican Republic

Dominican Republic: Inflation rises sharply in July

August 12, 2020

Consumer prices rose 1.88% over the prior month in July, up from June’s 1.70% rise. July’s reading was driven by significantly higher food and transport prices.

Inflation rose from 2.9% in June to 4.3% in July, moving within 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 3.5% to 4.1%, likely supported by monetary stimulus.

Our panelists see inflation ending 2020 at 1.8%, which is up 0.1 percentage points from last month’s forecast, and 2021 at 3.0%.


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Dominican Republic Inflation Chart

Dominican Republic Inflation July 20 20

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

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