Latest reading: Consumer prices were up 1.3% in annual terms in October, following a 1.5% rise in the prior month....
Inflation in Dominican Republic
Consumer price inflation in Dominican Republic averaged 3.9% in the ten years to 2024, in line with the Central America and Caribbean regional average of 3.2%. The 2024 average figure was 3.3%. For more information on inflation, visit our dedicated page.
Dominican Republic Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Dominican Republic from 2014 to 2025.
Source: Macrobond.
Dominican Republic Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.8 | 8.2 | 8.8 | 4.8 | 3.3 |
| Inflation (CPI, ann. var. %, eop) | 5.6 | 8.5 | 7.8 | 3.6 | 3.3 |
Inflation rises in September
Latest reading: Consumer prices were up 3.8% on a year-on-year basis in September, following a 3.7% increase in the previous month. The print was within the Central Bank’s 3.0–5.0% target range. Relative to the prior month's figures, price pressures were higher for food in September (+4.4% on a year-on-year basis vs +4.0% in August). In contrast, there were reduced price pressures for recreation and culture (+1.1% vs +1.8% in August) and housing and utilities (+2.5% vs +2.7% in August). Finally, the variation in transport prices was the same as in the prior month (+2.9% in September and August). Meanwhile, core consumer prices increased 4.4% on a year-on-year basis in September, following a 4.3% rise in the previous month. Finally, consumer prices increased 0.34% in September in month-on-month terms, following a 0.71% rise in the previous month.
Outlook: Our panelists project inflation to rise in 2026 from 2025, while remaining within target. The main upside risks are higher imported inflation from spikes in food prices, plus fluctuations in oil prices due to conflicts in the Middle East and potential U.S. military action against Venezuela.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Dominican inflation projections for the next ten years from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Dominican inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Dominican inflation projections.
Want to get access to the full dataset of Dominican inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
-
Guatemala: Inflation ebbs in October from September -
Vietnam: Inflation slows in October from the prior month Latest reading: Consumer prices were up 3.2% on a year-on-year basis in October, coming after a 3.4% rise in the... -
Denmark: Inflation ticks down in October Latest reading: Consumer prices were up 2.1% in annual terms in October, following a 2.3% increase in the previous month.... -
China: Inflation returns in October Latest reading: Consumer prices rose 0.2% in annual terms in October, following a 0.3% decline in the previous month and... -
Mexico: Inflation slows in October from September Latest reading: Consumer prices were up 3.6% on a year-on-year basis in October, following a 3.8% increase in the previous... -
Korea: Inflation accelerates in October from September Latest reading: Consumer prices were up 2.4% in annual terms in October, following a 2.1% rise in the prior month.... -
Angola: Inflation ebbs in October from September Latest reading: Consumer prices increased 17.4% in annual terms in October, following an 18.2% rise in the previous month and...