In October, consumer prices added 0.45% over the previous month, which was well above the 0.07% increase recorded in September. The monthly increase came on the back of higher prices for housing and utilities as well as for transport. Annual inflation rose from 4.5% in September to 4.7 % in October, the highest level in five months. Meanwhile, the core inflation index, which strips out short-term fluctuations in the consumer price index, added 0.19% in October, which was above the 0.02% increase observed in September. Annual core inflation, however, fell from 3.6% in September to 3.2%. According to the latest revision to the Macroeconomic Programme 2012-2013, the Central Bank intends to maintain an inflation target of 5.0% (with a tolerance margin of plus/minus 1.0 percentage points) for both 2012 and 2013.
Costa Rica Inflation
Inflation accelerates to five-month high
November 2, 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.