In May, consumer prices rose 0.99% over the previous month, which was above the 0.63% price increase registered in April. The monthly reading reflected higher prices for alcoholic beverages and tobacco as well as for transport. As a result, annual inflation rose from 4.7% in April to 5.0% in May, the highest level since September 2011. Meanwhile, the core inflation index, which smoothens short-term fluctuations in the consumer price index, added 0.33% in May, above the 0.26% increase seen in April. Annual core inflation inched up to 3.8% in May from 3.7% in April. According to its Macroeconomic Programme 2012-2013, the Central Bank intends to maintain an inflation target of 5.0% (with a tolerance margin of
Costa Rica Inflation
Inflation accelerates in May
June 7, 2012
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Costa Rica Inflation Chart
Note: Annual and monthly variation of consumer price index in %.
Source: Costa Rica Central Bank (BCCR).
Costa Rica Economic News
October 12, 2016
In August, economic activity slowed down slightly to a 4.5% increase from the same month last year, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica).
October 10, 2016
Consumer prices fell 0.47% in September from the previous month, which contrasted August’s 0.03% increase and marked the lowest reading since March 2016.
October 3, 2016
In the second quarter of 2016, GDP expanded 4.1% over the same period last year.
September 12, 2016
In July, economic activity slowed down slightly to a 5.1% increase over the same month last year, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica).
September 7, 2016
Consumer prices increased 0.03% over the previous month in August, which was a significant slowdown compared to July’s 0.93% increase.