Costa Rica: Consumer prices decline again in July
Consumer prices fell 2.3% in annual terms in July, a larger decrease compared to June’s 1.0% year-on-year fall. The sharper fall was largely due to food prices falling for the first time since September 2020, coupled with a sharper decline in transportation prices.
Accordingly, the trend pointed down, with annual average inflation coming in at 5.3% in July (June: 6.5%).
Finally, consumer prices fell 0.19% from the previous month in July, a sharper drop than the 0.16% drop logged in June. July’s result marked the weakest reading since April.