Inflation in Dominican Republic
Dominican Republic - Inflation (end of period)
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 (eop) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %, eop) | 2.3 | 1.7 | 4.2 | 1.2 | 3.7 |
Dominican Republic Inflation (eop) Chart
Source: Dominican Republic Central Bank and FocusEconomics calculations
Dominican Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 52.96 | 0.80 % | Jan 01 |
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Economic News
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Dominican Republic: Economic activity growth speeds up in December
February 1, 2023
Economic activity expanded 3.3% in year-on-year terms in December, which was above November's 2.9% increase. Still, the trend pointed down, with the annual average growth of economic activity coming in at an over one-year low of 4.9%, down from November's 5.5% reading. Lastly, on a seasonally adjusted month-on-month basis, activity expanded 0.2% in December, markedly below the prior month’s 1.4% increase.
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Dominican Republic: Inflation reverts downward trend in December and picks up slightly
January 15, 2023
Inflation edged up to 7.8% in December from November’s 7.6%.
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Dominican Republic: Economic activity growth drops to over one-year low in November
January 1, 2023
Economic activity rose 2.9% compared to the same month of the previous year in November, which was a deterioration from October’s 3.8% annual expansion.
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Dominican Republic: Central Bank stays put once again in December
December 29, 2022
At its last meeting of the year on 29 December, the Central Bank of the Dominican Republic (BCRD) opted to leave the policy rate unchanged at 8.50%.
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Dominican Republic: Inflation falls to lowest level since February 2021 in November
December 5, 2022
Inflation came in at 7.6% in November, down from October’s 8.2%.
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