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Costa Rica Inflation September 2023

Costa Rica: Consumer prices falls at softer pace on an annual basis in September

Consumer prices fell 2.2% year on year in September, a smaller drop than August’s 3.3% decrease. Looking at the details of the release, prices for food and non-alcoholic beverages plunged in September. Moreover, housing price growth softened. That said, prices for transportation declined at a more moderate rate.

The trend pointed down, with annual average inflation coming in at 2.9% in September (August: 4.0%).

Lastly, consumer prices rose 0.11% over the previous month in September, contrasting the 0.16% drop recorded in August. September’s figure was the highest reading since January.

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