Latest reading: Inflation edged down to 1.9% in June, which followed May’s 2.1%. June’s reading represented the weakest inflation rate...
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 declines to lowest level since January in June
Latest reading: Inflation came in at 3.6% in June, which was down from May’s 3.8% and represented the lowest inflation rate since January. Looking at the details of the release, prices for food and transport increased at a slower rate in June. Annual average inflation remained at May's 3.5% in June. Meanwhile, core inflation was stable, coming in at May's 4.2% in June. Lastly, consumer prices rose 0.21% over the previous month in June, accelerating from May's 0.08% rise.
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 14 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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