The annual inflation rate in Dominican Republic rose to 4.17 percent from 3.66 percent in the previous month. It was the highest inflation rate since July 2018, as prices went up further for food & non-alcoholic beverages (7.61 percent vs 7.13 percent in December); transport (5.18 percent vs 3.16 percent); restaurants & hotels (2.30 percent vs 2.22 percent); miscellaneous goods & services (3.71 percent vs 3.51 percent); health (3.74 percent vs 3.65 percent); recreation & culture (0.87 percent vs 0.34 percent); education (4.60 percent vs 4.57 percent); and alcoholic beverages & tobacco (7.61 percent vs 7.26 percent). In contrast, cost of housing eased (0.10 percent vs 0.36 percent); and inflation was steady for furnishings (at 1.74 percent). On a monthly basis, consumer prices increased 0.33 percent, after a 0.20 percent gain in December.
Inflation Rate in Dominican Republic averaged 13.84 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. This page provides - Dominican Republic Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bank of Dominican Republic
Inflation Rate in Dominican Republic is expected to be 4.00 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 3.70 in 12 months time. In the long-term, the Dominican Republic Inflation Rate is projected to trend around 3.60 percent in 2021, according to our econometric models.