Costa Rica Inflation October 2016

Costa Rica

Costa Rica: Inflation edges up in October

Consumer prices fell 0.12% in October from the previous month, which was a smaller drop than September’s 0.47% decrease. According to the Statistical Institute, the result reflected lower prices in several categories, but mostly in the energy and food and non-alcoholic beverages category.

Inflation edged up from 0.4% in September to 0.6% in October. Moreover, the annual average variation in consumer prices continued to recover some ground. It recorded a slight increase in October, inching up from a 0.4% drop in September to a 0.3% decrease.

FocusEconomics panelists see inflation ending 2016 at 1.5%, which is down 0.3 percentage points from last month's forecast. In 2017, the panel sees year-end inflation at 3.1%, which is down 0.2 percentage points from last month’s forecast.


Author:, Economist

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Costa Rica Inflation October 2016 0

Note: Annual and monthly variation of consumer price index in %.
Source: National Institute of Statistics and Census (INEC).


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