Dominican Republic: Inflation holds steady at highest level since December 2023 in July
Inflation was stable at June’s 3.5% in July, remaining at the joint-highest inflation rate since December 2023. Looking at the details of the release, prices for food plus housing and utilities rose at a sharper pace compared to June, offsetting weaker price pressures for transportation.
Annual average inflation fell to 3.6% in July (June: 3.7%). Meanwhile, core inflation fell to 3.9% in July from the previous month’s 4.0%.
Lastly, consumer prices rose 0.53% from the previous month in July, picking up from the 0.48% rise logged in June. July’s figure was the highest reading since December 2023.