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.
Author: Oliver Reynolds, Economist