The Central Bank of the Dominican Republic (BCRD) reported the smallest year-on-year inflation since 2020 in April.
The Central Bank of the Dominican Republic reported that year-on-year inflation in April 2024 was 3.03%, the lowest since June 2020, placing it at the lower limit of the target range.
The Central Bank of the Dominican Republic (BCRD) announced that year-on-year inflation from April 2023 to April 2024 was 3.03%, the lowest since June 2020, aligning with the lower limit of the target range of 4.0% ± 1.0%. The Dominican Republic’s low inflation rate places it among the Latin American countries with the lowest inflation rates, except for those with dollarized economies. In April 2024, the Consumer Price Index (CPI) showed a monthly variation of -0.10%, primarily due to a -0.72% increase in the food and non-alcoholic beverage group. Stable monetary conditions were indicated by the 3.99% core inflation for the past twelve months. Lower airfares, which were aided by government fuel subsidies, resulted in a 0.22% variation for the transportation group. According to this data, a stable economic environment is conducive to investment.