Costa Rica: Consumer prices record biggest drop in July since June 2016
August 7, 2020
Consumer prices rose 0.26% from the previous month in July, swinging from June's 0.02% drop. July's reading marked the sharpest increase in prices since February. The rebound was driven by rising prices for food and non-alcoholic beverages, and transportation.
Consumer prices fell 0.2% on an annual basis in July, contrasting June’s 0.3% increase July's result and marking the largest fall in consumer prices since June 2016. Annual average inflation slowed to 1.5% in July (June: 1.7%).
Author: Edward Gardner, Economist