Macroeconomic Forecast Dominican Republic

There are growing upside risks to our year-end consumer price inflation target of 11.0%, with headline inflation still standing at 14.6% y-o-y in September. Although lower commodity prices are set to offer a let-up in headline inflation over the coming months, food inflation in the Dominican Republic still rose to 19.7% y-o-y in September, up from 17.6% in August. Nevertheless, transport costs, hit particularly hard by soaring energy prices earlier this year, started to come off the boil in September, coming down to 21.3% y-o-y from 24.2% only a month earlier. However, costs in most other categories of the consumer price basket continued to tick up.

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