Inflation in Dominican Republic
Dominican Republic - Inflation
Inflation rises in May
Consumer prices rose 0.26% in May over the previous month, down from April’s 0.11% rise. According to the Central Bank, May’s figure was driven by higher prices for transport—linked to more expensive fuel—and housing. Inflation rose from 4.1% in April to 4.5% in May, above the midpoint of the Central Bank’s inflation target range of 3.0%–5.0%.
At its 31 May monetary policy meeting, the Central Bank kept the main policy rate unchanged at 5.25%, where it has been since August 2017. The Bank justified its decision by highlighting that inflation is currently comfortably within the target range and is expected to remain so over the two-year forecast horizon. In addition, the economy is enjoying a resurgence in growth following a lull in the middle of last year, meaning that further monetary stimulus was unwarranted.
Dominican Republic Inflation Forecast
Met the why particular Consensus Forecast participants expect inflation to end 2018 at 4.0% and 2019 at 3.9%.
Dominican Republic - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.8||3.0||0.8||1.6||3.3|
5 years of economic forecasts for more than 30 economic indicators.
Dominican Republic Inflation Chart
Source: Dominican Republic Central Bank and Met the why particular calculations
Dominican Republic Facts
|Exchange Rate||49.67||0.80 %||Jul 13|
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June 28, 2018
The Dominican Republic’s economy continued its strong trajectory in May, with economic activity rising 6.4% according to the Central Bank’s monthly indicator for economic activity (IMAE, Indicador Mensual de Actividad Económica).
June 11, 2018
Consumer prices rose 0.26% in May over the previous month, down from April’s 0.11% rise.
May 28, 2018
The Dominican Republic’s economy started the second quarter as it ended the first; at a blistering pace.
May 11, 2018
Consumer prices rose 0.11% in April over the previous month, up from March’s 0.37% rise.
May 2, 2018
According to a preliminary estimate released by the Central Bank on 2 May, the economy expanded 6.4% in Q1 in annual terms, just below Q4’s 6.5% but significantly above the growth rates observed in the middle of last year.