Inflation in Dominican Republic

Dominican Republic Inflation | Economic News & Forecasts

Dominican Republic - Inflation

Inflation reverts downward trend in December and picks up slightly

Inflation edged up to 7.8% in December from November’s 7.6%. December’s slight acceleration marked the reverse of the downward trend inflation had been on since April 2022, when it peaked at 9.6%. Looking at the details of the release, the pick-up was largely due to rising prices for food.

Still, the trend pointed down; annual average inflation edged down to 8.8% in December (November: 8.9%). Meanwhile, core inflation was steady, coming in at November's 6.6% in December.

Lastly, consumer prices rose 0.96% in December over the previous month, picking up from the 0.47% rise seen in November. December's uptick marked the highest reading since January.

FocusEconomics panelists project inflation to end 2023 at 5.5%, which is down 0.1 percentage points from last month’s forecast, and 2024 at 4.2%.

Dominican Republic - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.8  1.6  3.3  3.6  1.8  

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Dominican Republic Inflation Chart

Dominican Republic Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Dominican Republic Central Bank and FocusEconomics calculations

Dominican Republic Facts

Value Change Date
Exchange Rate52.960.80 %Jan 01

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