Dominican Republic: Inflation drops to lowest level since July in November
Inflation eased to 4.0% in November, edging down from October’s 4.3%. November’s reading represented the weakest inflation rate since July. The softer rise was largely driven by a more moderate rise in prices for food. In addition, price pressures for transport softened. Moreover, prices for housing grew at a more subdued pace.
Annual average inflation fell to 5.1% in November (October: 5.4%). Meanwhile, core inflation fell to 4.5% in November, from the previous month’s 4.6%.
Finally, consumer prices increased 0.14% in November over the previous month, a smaller increase than October’s 0.22% increase. November’s result marked the weakest reading since May.