Inflation in Dominican Republic
Dominican Republic - Inflation
Inflation increases in August
Consumer prices rose 0.80% in August over the previous month, accelerating from the 0.54% increase logged in July. The print reflected higher prices for food and non-alcoholic beverages, and transportation.
Inflation stayed steady at 7.9% in August, remaining above the Central Bank’s target range of 3.0%–5.0% for the 10th straight month. Meanwhile, the trend pointed up, with annual average inflation coming in at 7.3% in August (July: 7.1%).
Looking ahead, inflation should continue to move back towards the target range, thanks to a more favorable base effect, the recent pullback in prices for some key agricultural commodities, and government measures such as a fuel price freeze, a cut in prices for certain industrial components and DOP 2 billion in credit for importers of staple food goods.
FocusEconomics panelists project inflation to end 2021 at 5.0%, which is up 0.4 percentage points from last month’s forecast, and 2022 at 4.1%.
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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Dominican Republic: Economic activity records lowest expansion since March in August but remains strong
October 3, 2021
Economic activity expanded 11.7% in year-on-year terms in August, which followed July's 12.1% increase.
September 30, 2021
At its end-September meeting, the Central Bank (BCRD) decided to keep the policy rate at 3.00%.
September 9, 2021
Consumer prices rose 0.80% in August over the previous month, accelerating from the 0.54% increase logged in July.
September 2, 2021
Economic activity rose 12.1% year-on-year in July (June: +12.7% yoy).
August 31, 2021
At its end-August meeting, the Central Bank (BCRD) decided to keep the policy rate at 3.00%.