Producer Prices in Costa Rica

Costa Rica - Producer Prices
Inflation falls to lowest level since April in December
Inflation came in at 7.9% in December, down from November’s 8.3%. December's reading marked the weakest inflation rate since April. The moderation was broad-based, with reduced price pressures recorded for food and non-alcoholic beverages, transportation, and housing. That said, price pressures for recreational activities increased.
Annual average inflation rose to 8.3% in December (November: 7.9%).
Lastly, consumer prices rose 0.13% from the previous month in December, slowing down from November's 0.14% increase.
On the outlook, analysts at the EIU commented:
“[…] government measures to cap local fuel prices, a slackening in the global oil market and a forced cooling of domestic demand (owing to a steep rise in local interest rates) mean that inflation is likely to slow over 2023 […] Short-term risks to our forecast are high, as local inflation is subject to geopolitical developments in Europe and the effectiveness of the BCCR's monetary policy tightening.”
FocusEconomics panelists project inflation to end 2023 at 4.8%, which is down 0.1 percentage points from last month’s forecast, and 2024 at 3.5%.
Costa Rica - Producer Prices Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation (PPI, annual variation in %) | - | - | - | - | - |
Costa Rica Facts
Value | Change | Date | |
---|---|---|---|
Exchange Rate | 571.0 | -0.57 % | Jan 01 |
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Economic News
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Costa Rica: Economic activity growth moderates in November
January 11, 2023
Economic activity growth moderated to 3.3% in November (October: 3.5%).
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Costa Rica: Inflation falls to lowest level since April in December
January 6, 2023
Inflation came in at 7.9% in December, down from November’s 8.3%.
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Costa Rica: Central Bank keeps the policy rate on hold at 9.00% at its December meeting
December 14, 2022
At its 14 December meeting, the Central Bank of Costa Rica (BCCR) kept the policy rate unchanged at 9.00%.
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Costa Rica: Inflation plunges to lowest level since April in November
December 8, 2022
Inflation dropped to 8.3% in November, following October’s 9.0%.
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Costa Rica: Economic activity growth falls to over one-year low in September
November 11, 2022
Economic activity grew 1.7% in September (August: +4.4%).