Costa Rica Inflation December 2016

Costa Rica

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.

FocusEconomics panelists see inflation ending 2017 at 2.8%, which is unchanged from last month's forecast. In 2018, the panel sees year-end inflation at 3.3%.

Author:, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation December 2016 0

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

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