Inflation Dominican Republic 2024
Average inflation: 3.3%
Current Inflation
Inflation is high at 3.3%, well above the ECB target.
Peak and Trough
The highest inflation was in June at 3.5%. The lowest inflation was in April at 3.0%.
- Highest month
- June: 3.5%
- Lowest month
- April: 3.0%
- Difference
- 0.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 4.0%. The lowest price increase was in Energy with an average of -1.3%.
- Highest increase
- Food: 4.0%
- Lowest increase
- Energy: -1.3%
Historical Context
Current inflation is 2.5% lower than the 5-year average of 5.8%.
- 5-year average
- 5.8%
- 10-year average
- 4%
- All-time high (2008)
- 10.7%
- All-time low (2015)
- 0.8%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +1.5 percentage point.
- Change vs. previous year
- -1.5 percentage points
- Largest monthly swing
- January: -3.9 percentage points
ECB Target
Inflation is 1.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.3% | -3.9 |
| February | 3.3% | -3.1 |
| March | 3.4% | -2.5 |
| April | 3.0% | -2.2 |
| May | 3.2% | -1.2 |
| June | 3.5% | -0.5 |
| July | 3.5% | -0.5 |
| August | 3.4% | -0.9 |
| September | 3.3% | -1.1 |
| October | 3.2% | -1.1 |
| November | 3.2% | -0.8 |
| December | 3.3% | -0.3 |
| Average | 3.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.