Dominican Republic: Inflation ticks up in April
Latest reading: Inflation came in at 3.7% in April, which was up from March’s 3.6%. April’s result represented the highest inflation rate since November 2023. Looking at the details of the release, prices for food increased at a quicker pace in April which outweighed softer price growth for transport. Meanwhile, prices for housing and utilities rose at a largely steady pace compared to the previous month’s reading.
Annual average inflation rose to 3.4% in April (March: 3.3%). Meanwhile, core inflation edged down to 4.1% in April from the previous month’s 4.2%.
Lastly, consumer prices rose 0.03% over the previous month in April, which was below the 0.31% rise logged in March. April’s result marked the softest rise in prices since May 2024.