Costa Rica Inflation January 2017

Costa Rica

Costa Rica: Inflation remains subdued in January

February 7, 2017

Consumer prices in Costa Rica increased 0.57% from the previous month in January, up from December’s 0.39% rise. According to the Statistical Institute, the result was driven by a rise in the price of food and non-alcoholic beverages and transport, while housing was the only sub-category to suffer a significant price fall over the month.

Inflation dipped slightly from 0.8% in December to 0.7% in January, remaining substantially below the Central Bank’s 2.0%-4.0% target range, while the annual average variation in consumer prices ticked up to 0.1% in January from a flat reading in December.

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 January 2017 0

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

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