Costa Rica Inflation

Costa Rica

Inflation falls back in June

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


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Costa Rica Inflation Chart

Costa Rica Inflation June 2012

Note: Annual and monthly variation of consumer price index in %.
Source: Costa Rica Central Bank (BCCR).

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