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Costa Rica Inflation August 2023

Costa Rica: Consumer prices slide again in August

Consumer prices declined 3.3% in annual terms in August, a sharper drop compared to July’s 2.3% year-on-year decrease. Looking at the details of the release, prices for food and transportation declined at a faster pace compared to the previous month. That said, housing prices rose at a quicker pace in August.

Meanwhile, annual average inflation fell to 4.0% in August (July: 5.3%).

Finally, consumer prices dropped 0.16% in August over the previous month, a smaller drop than July’s 0.19% decline.

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