Costa Rica Inflation December 2017

Costa Rica

Costa Rica: Inflation accelerates in December

January 8, 2018

In December, consumer prices increased 0.47% month-on-month, up from November’s 0.16% increase. According to the National Institute of Statistics and Census (INEC), December’s increase was primarily caused by higher prices for food and non-alcoholic beverages. On the other hand, decreases in prices for miscellaneous goods and services, clothing and footwear, communications and healthcare kept a lid on the overall rise in consumer prices in December.

Inflation accelerated slightly to 2.6% in December (November: 2.5%) but remained in the Central Bank’s 2.0%–4.0% target range. Meanwhile, annual average inflation ticked up to 1.6% (November: 1.5%).

FocusEconomics Consensus Forecast panelists expect inflation to end this year at 3.4%, which is up 0.2 percentage points from last month's forecast. In 2019, the panel sees inflation ending the year at 3.8%.

Author:, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation December 2017

Note: Annual and monthly variation of consumer price index in %.
Source: National Institute of Statistics and Census (INEC).

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