Costa Rica: Inflation climbs in December
January 12, 2021
Consumer prices increased over the previous month in December, clocking in a 0.53% rise, notably up from November’s flat reading and marking a 17-month high. The result reflected higher prices for food and non-alcoholic beverages, entertainment and cultural services, as well as for restaurants and hotels. The overall increase was capped by lower prices for transport.
Inflation climbed up to 0.9% in December (November: 0.2%), the highest rate since April. However, the trend pointed down mildly, with annual average inflation coming in at 0.7% in December (November: 0.8%).
Author: Marta Casanovas , Junior Economist