The annual inflation rate in Dominican Republic dropped to 0.99 percent in May 2020 from 1.07 percent in the previous month. It was the lowest inflation rate since June last year, as prices of food & non-alcoholic beverages eased (2.9 percent vs 4.8 percent in April). In addition, cost of education fell (-1.5 percent vs 3.5 percent). On the other hand, prices rose further for restaurants & hotels (2.4 percent vs 2.1 percent); miscellaneous goods & services (4.3 percent vs 3.7 percent); furnishings & household equipment (2.6 percent vs 1.4 percent); and recreation & culture (1.8 percent vs 0.8 percent). Also, cost declined less for transport fell (-4.5 percent vs -6.2 percent); housing & utilities (-0.6 percent vs -1.9 percent); and clothing & footwear (-1.9 percent vs -2 percent). On a monthly basis, consumer prices went down 0.1 percent, following a 0.8 percent drop in the prior month.

Inflation Rate in Dominican Republic averaged 13.79 percent from 1984 until 2020, reaching an all time high of 82.49 percent in February of 1991 and a record low of -1.57 percent in September of 2009. This page provides - Dominican Republic Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Dominican Republic Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Central Bank of Dominican Republic

Inflation Rate in Dominican Republic is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Dominican Republic to stand at 1.70 in 12 months time. In the long-term, the Dominican Republic Inflation Rate is projected to trend around 2.60 percent in 2021 and 3.20 percent in 2022, according to our econometric models.

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Dominican Republic Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.99 1.07 82.49 -1.57 1984 - 2020 percent Monthly
2010=100


Calendar GMT Actual Previous Consensus TEForecast
2020-03-13 05:00 PM Feb 3.66% 4.17% 4.1%
2020-04-28 09:30 PM Mar 2.45% 3.66% 3.4%
2020-06-02 01:00 PM Apr 1.07% 2.45% 2%
2020-06-24 02:00 PM May 0.99% 1.07% 1%
2020-07-10 12:30 PM Jun 0.99% 0.9%
2020-08-14 01:45 PM Jul
2020-09-14 02:20 PM Aug
2020-10-15 01:00 PM Sep 1.3%


News Stream
Dominican Republic May Inflation Rate Slows to Near 1-Year Low
The annual inflation rate in Dominican Republic dropped to 0.99 percent in May 2020 from 1.07 percent in the previous month. It was the lowest inflation rate since June last year, as prices of food & non-alcoholic beverages eased (2.9 percent vs 4.8 percent in April). In addition, cost of education fell (-1.5 percent vs 3.5 percent). On the other hand, prices rose further for restaurants & hotels (2.4 percent vs 2.1 percent); miscellaneous goods & services (4.3 percent vs 3.7 percent); furnishings & household equipment (2.6 percent vs 1.4 percent); and recreation & culture (1.8 percent vs 0.8 percent). Also, cost declined less for transport fell (-4.5 percent vs -6.2 percent); housing & utilities (-0.6 percent vs -1.9 percent); and clothing & footwear (-1.9 percent vs -2 percent). On a monthly basis, consumer prices went down 0.1 percent, following a 0.8 percent drop in the prior month.
2020-06-24
Dominican Republic Inflation Rate Eases to 10-Month Low in April
The annual inflation rate in Dominican Republic fell to 1.07 percent in April 2020 from 2.45 percent in the previous month. It was the lowest inflation rate since June last year, as cost of transport fell further (-6.2 percent vs -1.2 percent in March) due to lower international oil prices. Also, prices slowed for food & non-alcoholic beverages (4.8 percent vs 6.2 percent); miscellaneous goods & services (3.7 percent vs 3.9 percent); restaurants & hotels (2.1 percent vs 2.2 percent); recreation & culture (0.8 percent vs 1.1 percent); education (3.5 percent vs 4.6 percent); and furnishings & household equipment (1.4 percent vs 1.6 percent). On a monthly basis, consumer prices dropped 0.82 percent, the most since December 2008, after falling 0.52 percent in the prior month.
2020-06-02
Dominican Republic Inflation Slows to 2.45% YoY
Consumer prices in the Dominican Republic rose by 2.45 percent yoy in March 2020 from 3.66 percent in February. It was a six-month low and was mainly explained by lower demand-side pressures within services. On a monthly basis, consumer prices fell 0.52 percent after declining 0.13 percent in February. The Central Bank cut the benchmark interest rate by 100bps to 3.5 percent in an emergency meeting on March 16th 2020, basing the decision on the uncertainty associated to the impact of the coronavirus pandemic and took into account low inflationary pressures.
2020-04-28
Dominican Republic Inflation Rate Rises to 1-1/2-Year High in January
The annual inflation rate in Dominican Republic rose to 4.17 percent from 3.66 percent in the previous month. It was the highest inflation rate since July 2018, as prices went up further for food & non-alcoholic beverages (7.61 percent vs 7.13 percent in December); transport (5.18 percent vs 3.16 percent); restaurants & hotels (2.30 percent vs 2.22 percent); miscellaneous goods & services (3.71 percent vs 3.51 percent); health (3.74 percent vs 3.65 percent); recreation & culture (0.87 percent vs 0.34 percent); education (4.60 percent vs 4.57 percent); and alcoholic beverages & tobacco (7.61 percent vs 7.26 percent). In contrast, cost of housing eased (0.10 percent vs 0.36 percent); and inflation was steady for furnishings (at 1.74 percent). On a monthly basis, consumer prices increased 0.33 percent, after a 0.20 percent gain in December.
2020-02-11

Dominican Republic Inflation Rate
In Dominican Republic, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (25.1 percent of total weight). Transport accounts for 18 percent; Housing and Utilities for 11.6 percent; Restaurants and Hotels for 8.5 percent; Miscellaneous Goods and Services for 7.5 percent and Furniture, Household Goods and Maintenance for 6.5 percent. Health; Clothing and Footwear; Recreation and Culture; Education; Communication and Alcoholic beverages and Tobacco account for the remaining 22.8 percent of total weight.