Dominican Republic: 1.6% Inflation up to July 2019

Between January and July 2019, accumulated inflation of 1.64% is reported, which is partly explained by the positive variation in the prices of Food and Non-Alcoholic Beverages.

Wednesday, August 14, 2019

The consumer price index (CPI) registered a 0.47% variation in July with respect to June 2019, placing the accumulated inflation of the January-July 2019 period at 1.64%. With this result, annualized inflation measured from July 2018 to July 2019 stood at 1.40%, reported the Central Bank of the Dominican Republic (BCRD).

The BCRD report states that "... The analysis of the results of the general CPI during the month of July 2019 shows that the group with the highest incidence was Food and Non-Alcoholic Beverages with a 1.46% variation with respect to the previous month, and the same explains 86.54% of the inflation of the month of July. To a lesser extent contributed the increase in the indexes of the groups Transport (0.32%), Miscellaneous Goods and Services (0.21%) and Restaurant and Hotels (0.18%).

It is worth pointing out that the increase in the general CPI during that month was reduced by the decrease registered in the CPI of the Housing group, which experienced a variation of -0.30 percent.

The variation of 1.46% in the index of the Food and Non-Alcoholic Beverages group in July 2019 is explained mainly by the increases verified in the prices of food goods, such as green bananas (10.05%), fresh chicken (1.55%), potatoes (19.43%), garlic (9.62%), ripe bananas (8.35%), green bananas (3.87%), yams (12.80%), onions (3.85%), brown sugar (2.41%), rice (0.39%), peppers (6.51%), cassava (1.78%), vegetables (4.55%), tomatoes (10.43%), sweet potatoes (12.51%), green peas (1.99%) and salami (0.55%). However, some food goods registered decreases in their prices, such as citrus lemons (-19.27%), eggs (-2.08%) and avocados (-3.69%).
"

Download report.

Do you need to keep track of the key economic indicators in Central America?

Request more information about our Regional Economic Monitor.









this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Dominican Republic: Inflation Still Rising

October 2019

In September, the Consumer Price Index increased 2% year-on-year, up from 1.7% in August 2019.

The Central Bank of the Dominican Republic (BCRD) reported that the consumer price index (CPI) registered a 0.38 % variation in September 2019 with respect to August, so that accumulated inflation in the January-September period stood at 2.38%.

Dominican Republic: Year-on-Year Inflation in August 2018 is 4%

September 2018

Among the spending divisions that reported increases in prices in the eighth month of the year are Education, Transportation and Housing.

The Central Bank of the Dominican Republic (BCRD) reported that the consumer price index (CPI) has remained practically unchanged for a second consecutive month, registering a variation of 0.03% with respect to the month of July of this year.

Dominican Republic: 4.4% YoY Inflation up to July 2018

August 2018

In the seventh month of the year, the CPI reported an increase of 0.3% in the Transportation expense division, which is explained by an increase in the prices of tickets abroad.

The Central Bank of the Dominican Republic (BCRD) reported that accumulated inflation during the period January-July 2018 was 1.41%. This result is due to the fact that inflation in July 2018 remained practically neutral, with a variation of the CPI of -0.02% with respect to the previous month.   

Dominican Republic: Year-on-Year Inflation up to June 2018 is 4.6%

July 2018

In the sixth month of the year there was a monthly change of 0.21% in the CPI, explained by prices of Food and non-alcoholic beverages and Transport.

From a Report by the Central Bank of the Dominican Republic:

The Central Bank of the Dominican Republic (BCRD) reports that the consumer price index (CPI) for the month of June 2018 registered a variation of 0.21% with respect to the month of May of this same year, reaching cumulative inflation 1.43% for the first semester.