In February of this year, air transport prices surged by 16.3%, as reported by the Services Sector Producer Price Index (IPP Services). This index tracks price variations for a range of domestically produced services and serves as a gauge for changes in the cost of commercial flights and the transportation of goods to and from the country.
Over the past 12 months, prices in this sector have seen a notable increase of 28.96 points, rising from 177.58 points in February 2023 to 206.54 points in February of this year.
This upward trajectory has persisted into 2024, with air transport emerging as the primary segment within the services sector experiencing price hikes in February. Compared to January, prices in this category surged by 10.33%, with the indicator climbing from 187.21 points to its current level.
On a year-on-year basis, air transport ranks as the second economic activity witnessing the most substantial price increases over the past 12 months, trailing only behind postal and courier activities, which saw a surge of 18.50% compared to February of the previous year.
Following air transport, rental and leasing activities experienced a notable uptick, rising by 14.70% compared to 2023, as indicated in a report from the National Statistics Office (ONE). (https://dominicantoday.com/dr/local/2024/04/02/air-transport-prices-in-the-dominican-republic-jump-16-3/)
