Inflation in Dominican Republic
Dominican Republic - Inflation
Inflation dims in July, Central Bank stays put
Consumer prices fell 0.02% in July over the previous month, contrasting June’s 0.21% rise. According to the Central Bank, July’s figure was driven by lower prices for food and non-alcoholic beverages; and clothing and footwear.
Inflation ticked down from 4.6% in June to 4.4% in July, still slightly above the midpoint of the Central Bank’s inflation target range of 3.0%–5.0%. Core inflation, which excludes volatile items such as certain types of food, fuel and administered prices, came in at 2.6%.
At its 31 August monetary policy meeting, the Central Bank kept its main policy rate at 5.50%, after hiking rates for the first time in a year at the previous meeting in the context of above-potential growth and inflation in the upper half of the 4.0%-6.0% target range. However, the Bank made explicitly clear that it was prepared to continue hiking rates in the months ahead in order to contain price pressures, and in response to foreseeable further monetary tightening by the U.S. Federal Reserve.
Met the why particular Consensus Forecast participants expect inflation to dip by the end of the year on the Bank’s tighter monetary stance, ending 2018 at 4.2% and 2019 at 4.1%.
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||49.84||0.80 %||Sep 20|
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August 31, 2018
Consumer prices fell 0.02% in July over the previous month, contrasting June’s 0.21% rise.
August 7, 2018
The Dominican Republic’s economy continued to accelerate in June, with economic activity rising 7.3% according to the Central Bank’s monthly indicator for economic activity (IMAE, Indicador Mensual de Actividad Económica).
August 1, 2018
According to a preliminary estimate released by the Central Bank on 1 August, the economy expanded 7.1% in Q2 in annual terms, up from Q1’s 6.4% increase.
July 11, 2018
Consumer prices rose 0.21% in June over the previous month, down from May’s 0.26% rise.
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).