Dominican Republic: Inflation increases to over one-year high in May
Latest reading: Inflation rose to 3.8% in May from April’s 3.7%. May’s figure represented the highest inflation rate since November 2023. Price pressures for food rose for the sixth consecutive month, outweighing stable price growth for housing and utilities plus transport.
The trend pointed up mildly, with annual average inflation coming in at 3.5% in May (April: 3.4%). Meanwhile, core inflation ticked up to 4.2% in May from April’s 4.1%.
Lastly, consumer prices rose 0.08% from the previous month in May, broadly stable from the 0.03% rise seen in April.