Inflation in Dominican Republic
Dominican Republic - Inflation
Inflation dips in February but stays within the target range
Consumer prices fell 0.13% in February over the prior month, contrasting January’s 0.33% increase. February’s reading was chiefly driven by lower housing and transport costs.
Inflation fell from 4.2% in January to 3.7% in February, but remained within the Bank’s 3.0%-5.0% target range for the fourth straight month. Core inflation—which excludes volatile items such as certain types of food, fuel and administered prices—was up from 2.4% to 2.5%.
Inflation is seen at the lower end of the target range in 2020, supported by solid economic growth. However, the recent large fall in oil prices poses a downside risk to inflation going forward.
FocusEconomics Consensus Forecast participants expect inflation to end 2020 at 3.1%, which is unchanged from last month’s estimate, and 2021 at 3.9%.
Dominican Republic - Inflation Data
|Inflation Rate (CPI, annual variation in %)||3.0||0.8||1.6||3.3||3.6|
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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March 7, 2020
Economic activity grew 4.7% year-on-year in January, down from December’s 6.7% expansion but still marking a robust pace of growth compared to regional peers.
March 7, 2020
Consumer prices fell 0.13% in February over the prior month, contrasting January’s 0.33% increase.
Dominican Republic: Central Bank leaves rates unchanged in February but is monitoring the coronavirus fallout
February 28, 2020
At its February monetary policy meeting, the Central Bank (BCRD) left the policy rate unchanged at 4.50% for the sixth straight month, following 100 basis points of easing in June–August 2019 to boost economic activity.
February 10, 2020
Consumer prices rose 0.33% in January over the prior month, up from December’s 0.20% rise.
Dominican Republic: Central Bank leaves rates unchanged in January on encouraging growth and inflation metrics
January 31, 2020
At its January monetary policy meeting, the Central Bank (BCRD) left the policy rate unchanged at 4.50% for the fifth straight month, following 100 basis points of easing in June–August to boost economic activity.