Costa Rica Inflation April 2018

Costa Rica

Costa Rica: Inflation decelerates in April

May 9, 2018

Consumer prices fell 0.08% in April compared to the previous month, more than the 0.03% decrease recorded in March. According to the National Institute of Statistics and Census (INEC), lower prices in April came amid cheaper food and non-alcoholic drinks. On the other hand, higher prices for alcoholic drinks and tobacco moderated the overall price decline in April.

Inflation decelerated to 2.4% in April from 2.6% in March. As a result, it remained within the Central Bank’s 2.0%–4.0% target range. Meanwhile, annual average inflation remained at March’s 2.0% in April.

FocusEconomics Consensus Forecast panelists expect inflation to end this year at 3.0%, which is down 0.1 percentage points from last month's forecast. In 2019, the panel sees inflation ending the year at 3.2%.

Author:, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation April 2018

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

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