The annual inflation rate in Dominican Republic fell to 0.71 percent in January 2019 from 1.17 percent in the prior month. It was the lowest inflation rate since September 2015, mainly explained by deflation in food & non-alcoholic beverages (-0.40 percent vs -0.03 percent in December), housing & utilities (-1.22 percent vs -0.89 percent), and clothing (-3.23 percent). In addition, prices slowed in transportation (0.35 percent vs 2.03 percent), mostly due to lower cost of gasoline and airfares. On a monthly basis, consumer prices dropped 0.17 percent, after decreasing 0.22 percent in the previous month. Inflation Rate in Dominican Republic averaged 14.15 percent from 1984 until 2019, 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.
Inflation Rate in Dominican Republic is expected to be 1.00 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 3.20 in 12 months time. In the long-term, the Dominican Republic Inflation Rate is projected to trend around 3.80 percent in 2020, according to our econometric models.