The annual inflation rate in Dominican Republic rose to 2.02 percent in September 2019 from 1.72 percent in August. It was the highest inflation rate since November last year, as prices advanced further for food & non-alcoholic beverages (7.1 percent vs 5.3 percent in August); restaurants & hotels (1.9 percent vs 1.8 percent); miscellaneous goods & services (3.1 percent vs 3 percent); education (4.6 percent vs 4 percent); and alcoholic beverages & tobacco (3.9 percent vs 3.7 percent). Also, cost of recreation & culture fell less (-0.6 percent vs -0.8 percent). Meanwhile, prices of furnishings & household equipment slowed (2 percent vs 2.1 percent); and inflation was steady for health (at 3.4 percent). Additionally, cost declined at a faster pace for housing & utilities (-4.9 percent vs -4.5 percent); transport (-1.4 percent vs -0.5 percent); and clothing & footwear dropped less (-3.4 percent vs -3.3 percent). On a monthly basis, consumer prices went up 0.38 percent. Inflation Rate in Dominican Republic averaged 13.94 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 3.00 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 3.50 in 12 months time. In the long-term, the Dominican Republic Inflation Rate is projected to trend around 3.60 percent in 2020, according to our econometric models.