The annual inflation rate in Dominican Republic dropped to 0.92 percent in June 2019 from 1.31 percent in the previous month. It was the lowest inflation rate in five months, as cost of transport fell (-0.4 percent vs 1.1 percent in May) and prices of housing & utilities declined further (-3.5 percent vs -2 percent). Also, cost slowed for restaurants & hotels (1.8 percent vs 1.9 percent); furnishings & household equipment (1.9 percent vs 2 percent) and recreation & culture (0.4 percent vs 0.7 percent). Meanwhile, prices advanced at a faster pace for food & non-alcoholic beverages (1.8 percent vs 1.6 percent); miscellaneous goods & services (2.8 percent vs 2.7 percent); health (3.2 percent vs 3.1 percent); education (4.5 percent vs 4.4 percent) and alcoholic beverages & tobacco (3.4 percent vs 3.3 percent). In addition, cost of clothing & footwear fell less (-3.4 percent vs -3.6 percent). On a monthly basis, consumer prices went down 0.2 percent, after a flat reading in May. Inflation Rate in Dominican Republic averaged 14 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 2.10 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 3.30 in 12 months time. In the long-term, the Dominican Republic Inflation Rate is projected to trend around 3.60 percent in 2020, according to our econometric models.