Costa Rica: Inflation ticks down in October
November 7, 2018
Consumer prices rose 0.37% in October compared to the previous month, up from the 0.22% increase in September. According to the National Institute of Statistics and Census (INEC), October’s price rise came primarily on the back of more expensive transport. Weighing on prices, however, were lower prices for food and non-alcoholic beverages.
Inflation was lower at 2.0% in October, down from 2.2% in September, and just touching the lower bound of the Central Bank’s 2.0%–4.0% target range. Higher prices for transport underpinned the inflation figure in October, while lower prices for clothing and footwear weighed it down somewhat. Annual average inflation was unchanged in October, at 2.3%.
Author: Edward Gardner, Economist