Dominican Republic Inflation Rate

Consumer prices in Dominican Republic increased 2.3 percent year-on-year in January of 2017, following a 1.7 percent rise in the previous month. It was the highest inflation rate since January last year, as prices went up faster for transport (8 percent vs 5.4 percent in December), housing (6.5 percent vs 5 percent), miscellaneous goods and services (2.8 percent vs 2.7 percent) and education (5.5 percent vs 5.1 percent). Additional upward pressure came from restaurants and hotels (1.6 percent vs 2 percent), furnishing (0.7 percent, the same pace as in December), communications (2.9 percent, the same pace as prior), recreation and culture (0.3 percent vs 0.5 percent) and alcoholic beverages and tobacco (4.2 percent vs 4.4 percent). Meantime, food cost fell less (-2 percent vs -2.4 percent). On a monthly basis, consumer prices rose 0.6 percent compared to a 0.9 percent increase in December. Inflation Rate in Dominican Republic averaged 14.80 percent from 1984 until 2017, reaching an all time high of 82.49 percent in February of 1991 and a record low of -1.57 percent in September of 2009.

Dominican Republic Inflation Rate

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In Dominican Republic, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (25.1 percent of total weight). Transport accounts for 18 percent; Housing and Utilities for 11.6 percent; Restaurants and Hotels for 8.5 percent; Miscellaneous Goods and Services for 7.5 percent and Furniture, Household Goods and Maintenance for 6.5 percent. Health; Clothing and Footwear; Recreation and Culture; Education; Communication and Alcoholic beverages and Tobacco account for the remaining 22.8 percent of total weight. This page provides – Dominican Republic Inflation Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Dominican Republic Inflation Rate – actual data, historical chart and calendar of releases – was last updated on February of 2017.