Dominican Republic

Dominican Republic Inflation

Dominican Republic Inflation

Inflation in Dominican Republic

Consumer price inflation in the Dominican Republic averaged 4.0% in the ten years to 2022, which is above the Central America and Caribbean regional average of 3.4%. The 2022 average figure was 8.8%. For more inflation information, visit our dedicated page.

Dominican Republic Inflation Chart

Note: This chart displays Inflation Rate (CPI, annual variation in %) for Dominican Republic from 2013 to 2022.
Source: Central Bank of Dominican Republic.

Dominican Republic Inflation Data

2018 2019 2020 2021 2022
Inflation (CPI, ann. var. %, aop) 3.6 1.8 3.8 8.2 8.8
Inflation (CPI, ann. var. %, eop) 1.2 3.7 5.6 8.5 7.8

Inflation falls in October

Inflation receded to 4.3% in October, down from September’s 4.4%. Looking at the details of the release, price pressures cooled largely on a softer increase in prices for food. Moreover, prices for housing and utilities grew at a more subdued pace. Accordingly, the trend pointed down; annual average inflation fell to 5.4% in October (September: 5.7%). Meanwhile, core inflation edged down to 4.6% in October, from September’s 4.7%. Finally, consumer prices increased 0.22% from the previous month in October, below September's 0.43% increase. October's result marked the weakest reading since May.

October’s headline print moved closer to the mid-point of the Central Bank of the Dominican Republic’s 3.0–5.0% target range. Similarly, core price pressures also fell again. Consequently, the Central Bank is likely to deliver another interest rate cut when it convenes next at the end of November.

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 15 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.

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