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.
Author: Edward Gardner, Economist