Inflation in Dominican Republic
Dominican Republic - Inflation
Inflation moves further below target in May
Consumer prices fell 0.11% over the prior month in May, coming after April’s 0.82% decrease. May’s reading was driven by lower prices for food and non-alcoholic beverages, and education.
Inflation fell from 1.1% in April to 1.0% in May, moving further below the Bank’s 3.0%–5.0% target range. However, core inflation—which excludes volatile items such as certain types of food, fuel and administered prices—was up from 2.8% to 3.1%.
Our panelists see inflation ending the year below target due to low commodity prices and weak economic momentum.
Our panelists see inflation ending 2020 at 2.3%, which is unchanged from last month’s forecast, and 2021 at 2.9%.
Dominican Republic - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 0.8 | 1.6 | 3.3 | 3.6 | 1.8 |
Dominican Republic Inflation Chart
Source: Dominican Republic Central Bank and FocusEconomics calculations
Dominican Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 52.96 | 0.80 % | Jan 01 |
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Economic News
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Dominican Republic: Central Bank leaves monetary policy unchanged in June amid sliding currency
June 30, 2020
At its end-June meeting, the Central Bank (BCRD) left its monetary stance unchanged for the third straight meeting, after substantial easing in March to combat the Covid-19 fallout.
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Dominican Republic: Inflation moves further below target in May
June 23, 2020
Consumer prices fell 0.11% over the prior month in May, coming after April’s 0.82% decrease.
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Dominican Republic: Peso sinks amid weaker external sector and rising uncertainty
June 15, 2020
The Dominican peso has fallen markedly against the USD in recent weeks, and on 12 June traded at 58.0 per USD, down 5.3% month-on-month and 8.7% year-to-date. The Covid-19 pandemic is the key factor behind the depreciation.
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Dominican Republic: July general elections unlikely to lead to significant shift in economic policy
June 10, 2020
On 5 July the country will elect a new president and Parliament.
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Dominican Republic: Economic activity plunges in April
June 8, 2020
Economic activity was down 29.8% year-on-year in April (March: -9.4% year-on-year) due to Covid-19 containment measures, which included a curfew, border closures and the shutdown of non-essential businesses.
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