The annual inflation rate in the Dominican Republic rose to 2.99 percent in June 2020 from 0.99 percent in the previous month. Cost increased further for food & non-alcoholic beverages (4.5 percent vs 2.9 percent in May); restaurants & hotels (2.8 percent vs 2.4 percent); furnishings & household equipment (3.3 percent vs 2.6 percent); miscellaneous goods & services (4.6 percent vs 4.3 percent); recreation & culture (3.2 percent vs 1.8 percent); and health (4.1 percent vs 3.9 percent). Also, prices rebounded for transport (1.5 percent vs -4.5 percent); and housing & utilities (3.2 percent vs -0.6 percent. On a monthly basis, consumer prices went up 1.7 percent, after dropping 0.1 percent 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 August of 2020. source: Central Bank of Dominican Republic
Inflation Rate in Dominican Republic is expected to be 1.30 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 1.90 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.