The year-on-year inflation In the Dominican Republic, inflation in June was 3.46%, thus remaining below the target range of 4.0% ± 1.0% for the seventh consecutive month, while the monthly inflation variation was 0.48%, the Ministry of Economy, Planning and Development (MEPyD) reported this Friday.
In it “Macroeconomic situation report: Monitoring the current situation“, the Department of Economy indicates that the Underlying inflation stood at 3.98% in June, 1.35 percentage points lower than the rate recorded in the same month in 2023.
The groups with the highest incidence in the monthly increase in the general price level in June were:
- Food and non-alcoholic beverages, with a monthly variation of 0.75% and an incidence of 0.19%
- Transport (0.61% variation and 0.11% incidence)
- Miscellaneous goods and services (variation of 0.63% and incidence of 0.07%).
It is expected, according to a ministerial press release, that the inflationary pressures remain low in the domestic marketwith an average projection of 3.50%, according to the macroeconomic framework updated to June 2024.
He exchange rate The Dominican peso depreciated against the US dollar by 7.0% year-on-year, to a quote of 58.99 pesos per dollar, the note points out, which also indicates that the real exchange rate index depreciated at an interannual rate of 6.5%.
