The annual inflation rate in Dominican Republic fell to 1.17 percent in December 2018 from 2.37 percent in the prior month. It is the lowest inflation rate since November 2016, as prices slowed mostly for transport (2.03% vs 4.70% in November). In addition, cost declined for food & non-alcoholic beverages (-0.03% vs 1.62%) and housing (-0.89% vs 0.69%). On a monthly basis, consumer prices dropped 0.22 percent, after decreasing 0.35 percent in the previous month. Inflation Rate in Dominican Republic averaged 14.18 percent from 1984 until 2018, 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.
Inflation Rate in Dominican Republic is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Dominican Republic to stand at 4.10 in 12 months time. In the long-term, the Dominican Republic Inflation Rate is projected to trend around 4.10 percent in 2020, according to our econometric models.