In June, consumer prices increased 0.16% over the previous month, which was well below the 0.99% rise recorded in May. The lower monthly reading was the result of price drops in six out of the 12 categories that compose the index, which partly offset a strong 4.39% month-on-month rise in the prices for alcoholic beverages and tobacco. Building on the subdued monthly reading, annual inflation fell from 5.0% in May to 4.6% in June. Meanwhile, the core inflation index, which smoothens short-term fluctuations in the consumer price index, added 0.14% in June, which was below the 0.33% increase observed in May. Annual core inflation inched up from 3.8% in May to 3.9%. According to its Macroeconomic Programme 2012-2013, the Central Bank intends to maintain an inflation target of 5.0% (with a tolerance margin of
Costa Rica Inflation
Inflation falls back in June
July 12, 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.