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.