The annual inflation rate in the Dominican Republic jumped to a nearly 10-year high of 9.65 percent in April of 2021 from 8.30 percent in the previous month. Main upward pressure came from surging prices of food & non-alcoholic beverages (10.25 percent vs 9.05 percent in March) and transports (23.94 percent vs 18.72 percent). Moreover, inflation soared for housing & utilities (9.40 percent vs 8.69 percent) and it has increased for restaurants & hotels (6.70 percent vs 6.21 percent). On a monthly basis, consumer prices went up 0.41 percent, following a 0.60 percent increase in the prior month. source: Central Bank of Dominican Republic
Inflation Rate in Dominican Republic averaged 13.52 percent from 1984 until 2021, 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 May of 2021.
Inflation Rate in Dominican Republic is expected to be 6.50 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 3.20 in 12 months time. In the long-term, the Dominican Republic Inflation Rate is projected to trend around 3.60 percent in 2022 and 3.20 percent in 2023, according to our econometric models.