Inflation rates by country and year
Data: World Bank, annual %. For information only — not financial advice.
Behind the curve
Turning points in Dominican Republic
- 1990↕ Mixed effects
A devaluation followed years of external imbalance ↗ — Wikipedia (opens in a new tab)
Pre-election policy loosening, worse terms of trade and drought widened the external deficit and intensified peso pressure in 1990. The New Economic Program combined devaluation with fiscal consolidation, price liberalization and interest-rate decontrol.
- 2004↑ Upward pressure
Bank rescues spilled into the peso and prices ↗ — Wikipedia (opens in a new tab)
After the 2003 Baninter failure, central-bank liquidity support and a loss of confidence accelerated capital outflows, peso depreciation and inflation. The crisis still dominated the 2004 inflation peak before fiscal and monetary stabilization took hold.
- 2008↑ Upward pressure
External price pressure arrived through imports ↗ — Wikipedia (opens in a new tab)
The global food and fuel shock lifted prices in the Dominican Republic through imported costs. It followed a post-crisis recovery period in which macroeconomic stability was vulnerable to a weaker external environment.
- 2020↓ Downward pressure
A demand collapse mixed with temporary food disruption ↗ — Wikipedia (opens in a new tab)
The pandemic sharply interrupted tourism and domestic activity in 2020, reducing demand. At the same time, flooding restricted food supply in the third quarter, briefly pushing non-core food inflation higher before the shock dissipated.
- 2022↑ Upward pressure
Foreign prices and supply constraints lifted inflation ↗ — Wikipedia (opens in a new tab)
High U.S. inflation, global food and fuel prices, costly shipping and strong U.S. demand pushed Dominican inflation above target in 2022. The IMF found external factors—not a domestic currency collapse—to be the primary driver.
These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.