Inflation in Dominican Republic
Dominican Republic - Inflation
Inflation moves further within target range in December
Consumer prices rose 0.20% in December over the prior month, down from November’s 0.37% rise. December’s reading was chiefly driven by higher prices for housing, and recreation and culture.
Inflation rose to 3.7% in December from 3.2% in November, remaining within the Central Bank’s 3.0%-5.0% target range for the second straight month. However, core inflation—which excludes volatile items such as certain types of food, fuel and administered prices—was notably lower at 2.2%.
Inflation is seen remaining in the target range in 2020, supported by solid economic growth and a weaker peso.
FocusEconomics Consensus Forecast participants expect inflation to end 2020 at 3.2%, which is unchanged from last month’s forecast, and 2021 at 4.1%.
Dominican Republic - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 4.8 | 3.0 | 0.8 | 1.6 | 3.3 |
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
Dominican Republic: Inflation moves further within target range in December
January 9, 2020
Consumer prices rose 0.20% in December over the prior month, down from November’s 0.37% rise.
Dominican Republic: Growth accelerates further in November
December 30, 2019
The economy expanded 5.5% in November according to Central bank data, up slightly from October’s 5.2% expansion, with the economy continuing to benefit from significant monetary stimulus earlier in 2019—which has fed through to faster credit growth. November’s expansion was driven by construction, financial services, and manufacturing in free trade zones, although weak tourist arrivals hurt the hotels, bars and restaurants sector, restraining the overall expansion somewhat. Turning to 2020, our panelists expect growth to ebb slightly on slower momentum in the U.S., the Dominican Republic’s key trading partner.
Dominican Republic: Central Bank stays put in December amid improving growth and inflation metrics
December 27, 2019
At its 27 December monetary policy meeting, the Central Bank (BCRD) left the policy rate unchanged at 4.50% for the fourth straight month, following 100 basis points of easing in June–August to boost economic activity.
Dominican Republic: Inflation moves back to target range in November
December 11, 2019
Consumer prices rose 0.37% in November over the prior month, down from October’s 0.67% increase.
Dominican Republic: Growth remains sprightly in October thanks to looser monetary stance
November 30, 2019
The economy expanded 5.2% in October according to Central bank data, up slightly from September’s 5.1% growth. While a breakdown by sectors is unavailable, the Central Bank’s recent monetary easing—in the form of 100 basis points of rate cuts since June and a DOP 34 billion liquidity injection—supported credit provision and was likely an important driver behind October’s reading. Looking ahead, monetary stimulus measures should continue to feed through to the economy in coming months, aiding consumption and investment.
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