Costa Rica: Inflation decelerates in December to a nine-month low
January 8, 2020
Consumer prices fell 0.1% in December in month-on-month terms, contrasting the 0.2% increase in November. The end-of-year price fall was largely due to cheaper food and non-alcoholic beverages.
Inflation moderated to 1.5% in December from 1.9% in November, representing a nine-month low and falling further out of the Central Bank’s 2.0%–4.0% target range. Annual average inflation was unchanged at 2.1% in December.
Author: Edward Gardner, Economist