Latest reading: Inflation ticked up to 2.4% in July, following June’s 2.3%. Looking at the details of the release, prices...
Inflation in Dominican Republic
Consumer price inflation in Dominican Republic averaged 3.9% in the ten years to 2024, in line with the Central America and Caribbean regional average of 3.2%. The 2024 average figure was 3.3%. For more information on inflation, visit our dedicated page.
Dominican Republic Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Dominican Republic from 2024 to 2015.
Source: Macrobond.
Dominican Republic Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.8 | 8.2 | 8.8 | 4.8 | 3.3 |
| Inflation (CPI, ann. var. %, eop) | 5.6 | 8.5 | 7.8 | 3.6 | 3.3 |
Inflation increases in August
Latest reading: Inflation ticked up to 3.7% in August from July’s 3.4%, inching closer to the midpoint of the Central Bank’s 3.0–5.0% target range. The result was driven by rising price pressures for food and transport. Accordingly, annual average inflation rose to 3.5% in August (July: 3.4%). Meanwhile, core inflation hit 4.3% in August, up from the previous month's 4.2%. Lastly, consumer prices grew 0.71% in August over the previous month, accelerating from the 0.38% rise seen in July. August's result was the highest reading since December 2022.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Dominican inflation projections for the next ten years from a panel of 13 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Dominican inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Dominican inflation projections.
Want to get access to the full dataset of Dominican inflation forecasts? Send an email to info@focus-economics.com.
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