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.