Producer Prices in Costa Rica

Costa Rica Producer Prices | Economic News & Forecasts

Costa Rica - Producer Prices

Inflation holds steady in August, while the Central Bank leaves rates unchanged on 21 August

Consumer prices fell 0.1% in August compared to the previous month, contrasting the 0.7% jump in July, which was a three-and-a-half year high and due to the introduction of an expanded VAT in the month. August’s decrease was partly due to lower food and non-alcoholic beverage prices.

Inflation in August was unchanged at July’s 2.9%, staying close to the 3.0% midpoint of the Central Bank’s 2.0%–4.0% target range. Annual average inflation ticked up to 2.2% from 2.1%.

On the monetary policy front, the Central Bank left the key policy rate unchanged at 4.00% on 21 August amid contained inflationary pressures, after cutting it for the third time this year by 0.25 percentage points on 22 July.

FocusEconomics Consensus Forecast panelists expect inflation to end this year at 2.7%, which is unchanged from last month's forecast, and 2.9% in 2020.

Costa Rica - Producer Prices Data

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Inflation (PPI, annual variation in %)-     -     -     -     -     

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Costa Rica Facts

ValueChangeDate
Exchange Rate576.5-0.57 %Sep 04

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