Dominican Republic: Inflation accelerates in October from the prior month
Latest reading: Consumer prices rose 4.2% on a year-on-year basis in October, following a 3.8% increase in the previous month and remaining within the Central Bank’s target range of 3.0–5.0%.
Relative to the prior month’s figures, there were higher price pressures for food and non-alcoholic beverages (+5.9% on a year-on-year basis vs +4.4% in September), transport (+3.1% vs +2.9% in September) and housing and utilities (+2.6% vs +2.5% in September). Finally, the change in recreation and culture prices was the same as in the prior month (+1.1% in October and September).
Meanwhile, core consumer prices rose 4.7% on a year-on-year basis in October, following a 4.4% increase in the previous month.
Lastly, consumer prices were up 0.55% in October on a month-on-month basis, following a 0.34% increase in the previous month.