Inflation in Dominican Republic
Dominican Republic - Inflation
Inflation moderates in May
Consumer prices increased 0.49% from the previous month in May, easing from April’s 0.96% rise. Looking at the details of the release, recreation and culture prices rebounded in April, while price pressures for food and non-alcoholic beverages picked up.
Inflation came in at 9.5% in May, which was down from April’s 9.6% which had marked the highest inflation rate since May 2021. Meanwhile, the annual average inflation came in at 8.6% in May (April 8.7%).
FocusEconomics panelists project inflation to end 2022 at 8.0%, which is down 0.3 percentage points from last month’s forecast, and 2023 at 6.1%.
Dominican Republic - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.8||1.6||3.3||3.6||1.8|
5 years of economic forecasts for more than 30 economic indicators.
Dominican Republic Inflation Chart
Source: Dominican Republic Central Bank and FocusEconomics calculations
Dominican Republic Facts
|Exchange Rate||52.96||0.80 %||Jan 01|
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July 31, 2022
At its 31 July meeting, the Central Bank of the Dominican Republic (BCRD) raised its policy rate by 50 basis points to 7.75%.
June 30, 2022
At its 30 June meeting, the Central Bank of the Dominican Republic (BCRD) raised its policy rate by 75 basis points to 7.25%.
June 10, 2022
Consumer prices increased 0.49% from the previous month in May, easing from April’s 0.96% rise.
June 9, 2022
Consumer prices increased 0.49% from the previous month in May, picking up from April’s 0.96% rise.
June 3, 2022
Economic activity increased 4.7% in year-on-year terms in April, which was below March’s 6.4% increase.