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.