Costa Rica Inflation September 2022

Costa Rica

Costa Rica: Inflation declines to lowest level since June in September

October 7, 2022

Inflation came in at 10.4% in September, down from August’s 12.1%. September's reading represented the weakest inflation rate since June. The figure was primarily driven by a softer increase in prices for food, non-alcoholic beverages and transportation. In addition, price pressures for the information and communication sector continued to decline.

The trend pointed up, with annual average inflation coming in at 7.0% in September (August: 6.3%).

Lastly, consumer prices dropped 0.95% over the previous month in September, contrasting August's 0.86% rise.

Our panelists project inflation to end 2022 at 10.5%, which is up 1.0 percentage point from last month’s forecast, and 2023 at 5.1%.

Author:, Junior Economist

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