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Costa Rica Inflation March 2023

Costa Rica: Inflation falls to lowest level since January 2022 in March

Inflation dropped to 4.4% in March from February’s 5.6%. March’s reading represented the weakest inflation rate since January 2022. Looking at the details of the release, prices for food and non-alcoholic beverages rose at a slower rate in March while prices for transportation dropped after growing in the previous month. Meanwhile, housing prices were largely steady.

Annual average inflation fell to 8.5% in March (February: 8.7%).

Finally, consumer prices fell 0.23% over the previous month in March, a less pronounced decrease than the 0.85% drop logged in February.

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