DR1 Daily News - Dominican Republic

The Central Bank of the Dominican Republic (BCRD) reported that the country’s annual inflation rate decreased to 3.35% in December 2024, down from 3.57% in December 2023. This marks the lowest annual inflation in six years. The figure remains within the target range of 4.0% ±1.0% established in the monetary program.

Core inflation, which excludes volatile items like food and energy, was reported at 4.01% for December 2024, staying close to the Central Bank’s target. This indicator is considered a more reliable measure of underlying inflationary pressures.

The BCRD highlighted that the Dominican Republic’s inflation rate is among the lowest in Latin America, trailing only behind the dollarized economies of Panama, Ecuador, and El Salvador, as well as Peru and Costa Rica.

Month-over-month, the CPI rose 0.70% in December 2024, primarily driven by...