The consumer price index (CPI) recorded -0.03% in May in comparison with April. Indeed, accumulated inflation for the 2019 January-May period stood at 1.36%. With this result, annualized inflation, i.e. measured from May 2018 to May 2019, reached 1.31%, remaining below the lower limit of the target range, informed the Central Bank of the Dominican Republic.

The document states that "... The general inflation around zero registered in May 2019 is because the negative variations of the index of the groups Transportation (-0.21%), Housing (-0.17%), Recreation and Culture (-0.49%) and Food and Non-Alcoholic Beverages (-0.06%), were partially compensated by the positive variation verified in the CPI of the groups Education (0.56%), Health (0.23%), Alcoholic Beverages and Tobacco (0.23%) and Diverse Goods and Services (0.15%).

The -0.21% variation of the Transport group index is due to the decrease in the prices of cars (-1.24%), tickets abroad (-10.80%) and liquefied gas for vehicles (LPG) (-1.33%). In spite of the decreases registered in fuel prices during the last weeks of May, as a result of the adjustments arranged by the Ministry of Industry, Commerce and MSMEs (MICM), in compliance with Law 112-00 on Hydrocarbons, the average price for the month was higher than the month of April for regular (0.70%) and Premium (0.48%) gasoline and diesel (1.92%). Also, there was an increase in the prices of motorbike taxis (0.75%), affecting that the negative variation of this group was not of greater magnitude.

The -0.17% decrease, reflected by the Housing group index, is mainly because of the 1.33% decrease in the price of liquefied petroleum gas for domestic use. Meanwhile, the rental housing service increased by 0.16 percent."

Download report.

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

Request more information about our Regional Economic Monitor.

Your message has been sent. We will contact you shortly.

Name*

Last Name*

Email:*

Telephone (Country):*

Company:*

Title:*

Size of the Company:* Choose one... Less than 100 employees Between 100 and 500 Between 500 and 2500 More than 2500

Industry:* -None- Agro Alimentos y bebidas Construcción e infraestructura Banca y finanzas Farmacéutica y salud Servicios Retail Automotriz Energía y minería Química y plástico Bienes Raíces Educación Bienes de consumo Industria y manufactura Transporte y logística Telecomunicaciones Administración pública

Yes, I want to receive a call from a salesperson*

Comments:*  

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 is Down 0.9%

July 2019

After the year-on-year variation of the CPI in May of this year was only 1.3%, in June the inflationary rhythm in the country became low again, in this case it was 0.9%.

The variation of the Consumer Price Index in June was -0.18% with respect to May, placing the accumulated inflation in the semester from January to June at 1.17%, informed the Central Bank of the Dominican Republic.

Inflation Rises in Costa Rica

May 2019

After the year-on-year change in the Consumer Price Index (CPI) between January and March this year ranged from 1.4% to 1.7%, inflation rose to 2.1% in April.

The groups with the greatest contribution to the variation of the Consumer Price Index (CPI) in April are: The National Institute of Statistics and Censuses (INEC) reported that transport, rent and housing services were the main contributors to the change in the Consumer Price Index (CPI) in April.

Dominican Republic Ends the Year with Slight Inflation

January 2019

Up to December last year, the year-on-year variation of the Consumer Price Index was just 1.2%, a behavior that is explained by the fall in fuel prices.

The results of the general CPI, by groups of goods and services in December 2018, show reductions in Transport (-1.80%) and Housing (-1.45%), influenced by the reduction in prices of oil derivatives, informed the Central Bank of the Dominican Republic.

Dominican Republic: 2.4% Inflation up to November 2018

December 2018

During the eleventh month of the year, spending divisions reporting price increases included airfares and automobiles.

The Central Bank of the Dominican Republic (BCRD) reported that the consumer price index (CPI) in November 2018 registered a -0.35% variation with respect to October of this year, ranking the accumulated inflation at 1.39% for the first eleven months of 2018.