In April, consumer prices rose 0.73% over the previous month, which came in well above the 0.11% increase recorded in March. The increase mostly reflects higher prices for rents, alcoholic beverages and tobacco as well as for transportation. As a result, annual inflation increased from 6.2% in March to 6.3% in April. In addition, annual average inflation rose to 5.1% from 5.0% in the previous month, reaching the highest level since June 2011. Consequently, inflation remains above the Central Bank's target of 5.0% with a tolerance margin of plus/minus 1.0 percentage points. Meanwhile, the core inflation index, which strips out short-term fluctuations in the consumer price index, rose 0.17% in April from the previous month, following the unchanged performance recorded in March. Annual core inflation fell from 2.9% in March to 2.8% in April. According to the Macroeconomic Programme 2013-2014, the Central Bank intends to maintain an inflation target of 5.0% (with a tolerance margin of plus/minus 1.0 percentage points) this year and the next. FocusEconomics panellists see inflation ending the year at 5.0%, which is up 0.1 percentage points from last month's forecast. For next year, the panel sees year-end inflation at 4.9%.
Costa Rica Inflation
Inflation rises in April
May 4, 2013
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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.