Inflation in Dominican Republic

Dominican Republic Inflation | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)4.8  3.0  0.8  1.6  3.3  

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Dominican Republic Inflation Chart

Dominican Republic Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Dominican Republic Central Bank and Met the why particular calculations

Dominican Republic Facts

Exchange Rate49.840.80 %Sep 20

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