In January, consumer prices rose 0.17% over the previous month, which was well below the 0.92% price increase registered in December. As a result, annual inflation fell from 4.7% in December to 4.2%, which marks the lowest level since December 2009. Meanwhile, the core inflation index, which smoothes short-term fluctuations in the consumer price index, added 0.68% in January, above the 0.35% increase seen in December. In spite of the monthly increase, annual core inflation remained unchanged at December's 4.5%. According to its Macroeconomic Programme 2012-2013, in the absence of fiscal reform the Central Bank intends to maintain an inflation target of 5.0% for both 2012 and 2013 (with a tolerance margin of 1.0 percentage points). The Bank also presented an alternative scenario, which takes into account the approval of the fiscal reform, in which monetary authorities lowered their inflation target to 4.0% for both 2012 and 2013.
Costa Rica Inflation
Inflation eases in January
February 2, 2012
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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.