Dominican Republic: Inflation increases to highest level since December 2023 in June
Inflation rose to 3.5% in June, up from May’s 3.2%. June’s reading represented the highest inflation rate since December 2023. The uptick was primarily driven by rising prices for food. In addition, price pressures for transport grew at a quicker pace.
Annual average inflation was unchanged at May’s 3.7% in June. Additionally, core inflation was stable, coming in at May’s 4.0% in June.
Finally, consumer prices increased 0.48% in June over the previous month, swinging from the 0.04% fall seen in May. June’s figure marked the sharpest increase in prices since December 2023.