Dominican Republic Inflation Edges Higher in November

2024-12-16 13:55 By Felipe Alarcon 1 min. read

The annual inflation rate in the Dominican Republic edged up to 3.18% in November 2024, slightly above 3.16% in the previous month, rebounding from its lowest level since April.

The increase was driven by accelerated price growth across most major sectors, including food and non-alcoholic beverages (2.47% vs. 2.45% in October), housing and utilities (1.64% vs. 1.52%), and transport (2.17% vs. 2.08%).

Additionally, clothing and footwear costs fell at a slower pace (-1.27% vs. -1.73%).

In contrast, price growth decelerated for recreation and culture (5.72% vs. 5.82%) and health (5.17% vs. 5.26%).

On a monthly basis, consumer prices rose 0.16% in November, following a 0.09% increase in October.



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