Dominican Republic: Inflation rises in September
Latest reading: Consumer prices were up 3.8% on a year-on-year basis in September, following a 3.7% increase in the previous month. The print was within the Central Bank’s 3.0–5.0% target range.
Relative to the prior month’s figures, price pressures were higher for food in September (+4.4% on a year-on-year basis vs +4.0% in August). In contrast, there were reduced price pressures for recreation and culture (+1.1% vs +1.8% in August) and housing and utilities (+2.5% vs +2.7% in August). Finally, the variation in transport prices was the same as in the prior month (+2.9% in September and August).
Meanwhile, core consumer prices increased 4.4% on a year-on-year basis in September, following a 4.3% rise in the previous month.
Finally, consumer prices increased 0.34% in September in month-on-month terms, following a 0.71% rise in the previous month.
Outlook: Our panelists project inflation to rise in 2026 from 2025, while remaining within target. The main upside risks are higher imported inflation from spikes in food prices, plus fluctuations in oil prices due to conflicts in the Middle East and potential U.S. military action against Venezuela.