Costa Rica: Inflation falls further below Central Bank target range in February
Consumer prices rose 0.08% in February compared to the previous month, up slightly from the 0.05% increase in January. According to the National Institute of Statistics and Census (INEC), February’s outturn came on the back of higher prices for automobiles, education and tourism deals. On the other hand, gasoline prices fell in the month, weighing on the overall price-increase.
Inflation moderated to 1.5% in February, down from 1.7% in January and remaining below the Central Bank’s 2.0%–4.0% target range. Annual average inflation ticked down to 2.1% in February from 2.2% in January.