Costa Rica Inflation

Costa Rica

Costa Rica: Inflation rises in April

May 5, 2014

Consumer prices increased 1.14% over the previous month in April, which was up from the 0.62% rise tallied in March. The print marked the highest inflation rate since January 2013. According to the Statistics Institute, more than half of the categories that comprise the index registered price increases in April. The categories that had the strongest influence on the increase were rent and housing related services, transport, as well as food and non-alcoholic beverages.

Annual headline inflation increased from 3.3% in March to 3.7% in April. As a result, inflation still remains within the Central Bank’s tolerance margin of plus/minus 1.0 percentage points around its 4.0% target. Annual average inflation edged down from March’s 4.4% to 4.2% in April.

The core inflation index, which strips out short-term fluctuations in the consumer price index, rose 0.61% over the previous month (March: +0.67% month-on-month). Annual core inflation inched up from March’s 2.6% to 2.7% in April.

FocusEconomics panelists see inflation ending 2014 at 5.1%, which is unchanged from last month's forecast. In 2015, the panel sees year-end inflation at 5.0%.

Author: Teresa Kersting, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation April 2014 0

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

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