Inflation in Dominican Republic

Dominican Republic Inflation (eop) | Economic News & Forecasts

Dominican Republic - Inflation (end of period)

Inflation hits highest level in nine years in January

Consumer prices rose 0.97% in January over the previous month, accelerating from December's 0.48% increase. January's figure was the sharpest increase in prices since July 2020, and was driven by higher prices for transport, food and housing.

Inflation came in at 6.2% in January, which was up from December’s 5.6%. January's figure represented the highest inflation rate since January 2012. Annual average inflation edged up to 3.9% in January (December: 3.8%). Lastly, core inflation ticked up to 4.9% from the previous month's 4.8%.

Recent price pressures are judged to be partly transitory, amid weather-related supply issues and higher import prices, and panelists see inflation falling back into the 3.0%–5.0% target range this year as the impact of these factors fades. However, the recent surge in crude oil prices poses an upside risk.

FocusEconomics panelists project inflation to end 2021 at 3.7%, which is unchanged from last month’s forecast, and 2022 at 3.6%.

Dominican Republic - Inflation (eop) Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %, eop)2.3  1.7  4.2  1.2  3.7  

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Dominican Republic Inflation (eop) 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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