Latest reading: Inflation ticked up to 2.4% in July, following June’s 2.3%. Looking at the details of the release, prices...
Inflation in Dominican Republic
Consumer price inflation in Dominican Republic averaged 3.9% in the ten years to 2024, in line with the Central America and Caribbean regional average of 3.2%. The 2024 average figure was 3.3%. For more information on inflation, visit our dedicated page.
Dominican Republic Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Dominican Republic from 2024 to 2015.
Source: Macrobond.
Dominican Republic Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.8 | 8.2 | 8.8 | 4.8 | 3.3 |
| Inflation (CPI, ann. var. %, eop) | 5.6 | 8.5 | 7.8 | 3.6 | 3.3 |
Inflation dips in July
Latest reading: Inflation came in at 3.4% in July, down from June’s 3.6% and marking the weakest inflation rate since January. Looking at the details of the release, prices for food grew at the lowest rate since January, while price growth for transport plus housing and utilities strengthened from June. Accordingly, the trend pointed down slightly, with annual average inflation coming in at 3.4% in July (June: 3.5%). Meanwhile, core inflation was stable, coming in at June's 4.2% in July. Finally, consumer prices rose 0.38% over the previous month in July, picking up from the 0.21% increase seen in June. July's uptick marked the highest reading since December 2024.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Dominican inflation projections for the next ten years from a panel of 13 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Dominican inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Dominican inflation projections.
Want to get access to the full dataset of Dominican inflation forecasts? Send an email to info@focus-economics.com.
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