Inflation in Dominican Republic
Dominican Republic - Inflation
Inflation hits fresh multi-year high in March
Consumer prices rose 0.60% in March over the previous month, a smaller increase than the 0.68% rise seen in February. March’s reading was driven by higher energy prices.
Inflation increased from 7.1% in February to 8.3% in March. March's result was the highest inflation rate since November 2011. Meanwhile, the trend pointed up, with annual average inflation coming in at 4.7% in March (February: 4.2%). Core inflation rose to 5.6% from the previous month's 5.4%.
Recent price pressures are judged to be partly transitory, amid an unfavorable base effect and higher import prices, and panelists see inflation falling back into the 3.0%–5.0% target range later this year as the impact of these factors fades.
FocusEconomics panelists forecast inflation to end 2021 at 3.9%, which is up 0.2 percentage points from last month’s forecast, and 2022 at 3.9%.
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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April 30, 2021
At its end-April meeting, the Central Bank decided to keep the policy rate at 3.00% for the eighth month running.
April 28, 2021
Economic activity expanded 10.6% year-on-year in March (February: +1.1% yoy).
April 15, 2021
Consumer prices rose 0.60% in March over the previous month, a smaller increase than the 0.68% rise seen in February.
March 31, 2021
At its end-March meeting, the Central Bank (BCRD) kept the policy rate at 3.00% for the seventh month running.
March 30, 2021
Economic activity expanded 1.1% compared to the same month a year earlier in February, which contrasted January's 1.8% decrease.