Costa Rica Inflation June 2017

Costa Rica

Costa Rica: Inflation inches up in June

July 7, 2017

Consumer prices rose 0.08% in June, coming in below May’s 0.22% increase. According to the National Institute of Statistics and Census (INEC), the deceleration was driven by a sharp fall in transport prices from a month earlier and was offset by a rise in food and non-alcoholic beverage prices. Other categories in the index generally increased, although more moderately.

Inflation inched up to 1.8% in June (May: 1.7%) and marked the strongest reading in more than two years. Regardless, inflation remains below the Central Bank’s 2.0%–4.0% target range. Meanwhile, annual average inflation climbed to 1.0% in June, following May’s 0.8%, and marked the highest annual average figure in more than a year.

FocusEconomics Consensus Forecast panelists expect inflation to end 2017 at 2.8%, which is down 0.2 percentage points from last month's forecast. In 2018, the panel sees year-end inflation rising to 3.4%.

Author:, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation June 2017

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

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