The annual inflation rate in the Dominican Republic was at 5.03 percent in October 2020, the same as in the previous month. It remained the highest inflation rate since September 2013, as prices increased further for food & non-alcoholic beverages (7.3 percent vs 6.5 percent in September); furnishings & household equipment (5.3 percent vs 5 percent); restaurants & hotels (4.1 percent vs 3.9 percent); recreation & culture slowed (4.3 percent vs 4.2 percent); and health (6.3 percent vs 5.9 percent). In addition, inflation was steady for housing & utilities (4.8 percent vs 5.2 percent); miscellaneous goods & services (at 5.4 percent); and communications (at 0.5 percent). On the other hand, cost of transport slowed (6.3 percent vs 7 percent). On a monthly basis, consumer prices went up 0.7 percent, after rising 0.6 percent in the prior month. source: Central Bank of Dominican Republic
Inflation Rate in Dominican Republic averaged 13.62 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 December of 2020.
Inflation Rate in Dominican Republic is expected to be 4.90 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 3.80 in 12 months time. In the long-term, the Dominican Republic Inflation Rate is projected to trend around 3.50 percent in 2021 and 3.20 percent in 2022, according to our econometric models.