The annual inflation rate in the Dominican Republic eased for the second month to 6.40% in February 2023, down from 7.24% in the prior month. This was the softest reading since January 2021, amid slowing prices of food & non-alcoholic beverages (9.81% vs 11.36% in January); miscellaneous goods & services (10.35% vs 10.60%); housing (5.39% vs 5.75%) and transportation (3.19% vs 5.13%). On a monthly basis, consumer prices were up by 0.41%, slowing from a 0.63% rise in the previous month. source: Central Bank of Dominican Republic

Inflation Rate in Dominican Republic averaged 13.28 percent from 1984 until 2023, 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 March of 2023.

Inflation Rate in Dominican Republic is expected to be 5.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Dominican Republic Inflation Rate is projected to trend around 3.00 percent in 2024, according to our econometric models.

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Dominican Republic Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-02-15 02:00 PM Jan 7.24% 7.83% 7.3%
2023-03-15 02:00 PM Feb 6.40% 7.24% 6.7%
2023-04-14 02:00 PM Mar 6.40% 5.8%


Related Last Previous Unit Reference
Inflation Rate 6.40 7.24 percent Feb 2023
Consumer Price Index CPI 123.04 122.90 points Feb 2023
Food Inflation 9.81 11.36 percent Feb 2023
CPI Transportation 131.93 131.80 points Feb 2023
CPI Housing Utilities 121.76 121.40 points Feb 2023
Core Inflation Rate 6.40 6.60 percent Feb 2023
Core Consumer Prices 118.55 118.07 points Feb 2023
Inflation Rate MoM 0.41 0.63 percent Feb 2023
GDP Deflator 193.80 194.10 points Sep 2022

Dominican Republic Inflation Rate
In Dominican Republic, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (24 percent of total weight). Transport accounts for 17 percent; Housing and Utilities for 13 percent; Miscellaneous Goods and Services for 10 percent and Restaurants and Hotels for 9 percent. Furniture, Household Goods and Maintenance; Health; Clothing and Footwear; Recreation and Culture; Education; Communication and Alcoholic beverages and Tobacco account for the remaining 28 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
6.40 7.24 82.49 -1.57 1984 - 2023 percent Monthly
2019M10/2020M09=100, NSA

News Stream
Dominican Republic Inflation Rate Drops to Over 2-Year Low
The annual inflation rate in the Dominican Republic eased for the second month to 6.40% in February 2023, down from 7.24% in the prior month. This was the softest reading since January 2021, amid slowing prices of food & non-alcoholic beverages (9.81% vs 11.36% in January); miscellaneous goods & services (10.35% vs 10.60%); housing (5.39% vs 5.75%) and transportation (3.19% vs 5.13%). On a monthly basis, consumer prices were up by 0.41%, slowing from a 0.63% rise in the previous month.
2023-03-15
Dominican Republic Inflation Rate Hits Near 2-Year Low
The annual inflation rate in the Dominican Republic decelerated to 7.24% in January 2023, the lowest since February 2021, from 7.83% in the previous month. Prices slowed down mostly for transportation (5.13% vs 5.88% in December) and housing (5.75% vs 9.07%). Meanwhile, upward pressure came from other CPI items such as food & non-alcoholic beverages (11.36% vs 11.19%); miscellaneous goods & services (10.60% vs 10.49%) and restaurants & hotels (9.95% vs 9.47%). On a monthly basis, consumer prices were up by 0.63%, slowing from a 0.96% rise in the previous month.
2023-02-15
Dominican Republic Inflation Rate Quickens in December
The annual inflation rate in the Dominican Republic rose to 7.83% in December of 2022, from a near two-year low of 7.58% in the prior month. Upward pressure came mostly from prices of food & non-alcoholic beverages (11.19% vs 9.80% in November), miscellaneous goods & services (10.49% vs 10.29%) and alcoholic beverages & tobacco (5.42% vs 4.80%).On a monthly basis, consumer prices advanced by 0.96%, the most in eight months, after a 0.47% rise in the prior month.
2023-01-16