Macroeconomic Forecast Dominican Republic

August 2008 | Macroeconomic Forecasts

Consumer price inflation in the Dominican Republic continues to climb unabated, rising to 12.2% y-o-y in June, up from 10.0% in May, the highest level in three and a half years. Tradable goods inflation rose to 15.0% y-o-y in June, from 11.5% in May, reflected the high level of dependence on energy imports and rising fuel prices for households. We believe that inflation still has some room to push higher over the coming months, but in light of declining commodity prices, we see room for inflation to decline to 9.2% by year end.

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