In July, consumer prices rose 0.34% over the previous month, which was below the 0.56% price increase registered in June. According to the National Statistics Office (INEC, Instituto Nacional de Estadistica y Censos), higher prices for food and non-alcoholic beverages (+0.67% month-on-month) as well as for housing (+0.74% mom) offset lower prices for clothing and footwear (-0.24% mom). Despite the monthly increase, annual inflation remained unchanged at June's 5.2%, overshooting the Central Bank's 5.0% inflation target and marking the highest level since December 2010 for the second month. Meanwhile, the core inflation index, which smoothes short-term fluctuations in the consumer price index, added 0.44% in July. As a result of the price increase in July, annual core inflation rose to 4.8% from 4.6% in June. According to its Revision of the Macroeconomic Program 2011-2012, the Central Bank maintains an inflation target of 5.0% for 2011, with a tolerance margin of 1.0 percentage points and a target of 4.0% for 2012.
Costa Rica Inflation
Inflation remains above Central Bank target
August 4, 2011
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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.