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Costa Rica Inflation December 2019

Costa Rica: Inflation decelerates in December to a nine-month low

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.

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