Dominican Republic Inflation May 2022

Consumer prices increased 0.49% from the previous month in May, easing from April’s 0.96% rise. Looking at the details of the release, recreation and culture prices rebounded in April, while price pressures for food and non-alcoholic beverages picked up.

Inflation came in at 9.5% in May, which was down from April’s 9.6% which had marked the highest inflation rate since May 2021. Meanwhile, the annual average inflation came in at 8.6% in May (April 8.7%).

FocusEconomics panelists project inflation to end 2022 at 8.0%, which is down 0.3 percentage points from last month’s forecast, and 2023 at 6.1%.

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