The annual inflation rate in Dominican Republic increased to 1.61 percent in April 2019 from 1.47 percent in the previous month. Prices went up further for food & non-alcoholic beverages (1.4 percent from 0.8 percent in March); miscellaneous goods & services (2.9 percent from 2.7 percent); recreation & culture (0.8 percent from 0.3 percent); and health (3.1 percent from 3 percent). Meanwhile, cost eased for restaurants & hotels (1.9 percent from 2.1 percent); and alcoholic beverages & tobacco (3.3 percent from 3.5 percent). Also, prices dropped further for housing & utilities (-0.6 percent from -0.1 percent); and clothing & footwear (-3.5 percent from -3.4 percent). Additionally, inflation was steady for transport (2.2 percent); furnishings & household equipment (2.2 percent); and education (4 percent). On a monthly basis, consumer prices rose 0.53 percent, slowing from a 0.65 percent gain in March. Inflation Rate in Dominican Republic averaged 14.06 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 1.90 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 3.10 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.