Costa Rica: Inflation edges up in December
January 6, 2017
Consumer prices increased 0.39% from the previous month in December, after a flat reading in November. According to the Statistical Institute, the result reflected higher prices in several categories, especially the food and non-alcoholic beverages category, which offset lower prices in transport.
Inflation sped up in the last month of the year to 0.8%, up from November’s 0.6% and the highest reading since June 2015. Moreover, the annual average variation in consumer prices recorded a slight increase in December and closed the year flat, up from the 0.2% drop in November.
Author: Andrea Vetrugno, Economist