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Costa Rica Inflation January 2024

Costa Rica: Consumer prices register biggest drop since September 2023 in January

Consumer prices decreased 1.9% year-on-year in January, following December’s 1.8% year-on-year decrease. January’s reading represented the largest fall in consumer prices since September 2023. The reading was due to softer price pressures for housing and utilities and a steeper fall in transportation prices.

Meanwhile, the annual average variation of consumer prices fell to minus 0.2% in January (December: +0.5%).

Finally, consumer prices increased 0.06% in January over the previous month, accelerating from December’s 0.01% rise. January’s result marked the highest reading since October 2023.

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