Costa Rica Inflation

Costa Rica

Costa Rica: Inflation accelerates to five-month high

November 2, 2012

In October, consumer prices added 0.45% over the previous month, which was well above the 0.07% increase recorded in September. The monthly increase came on the back of higher prices for housing and utilities as well as for transport. Annual inflation rose from 4.5% in September to 4.7 % in October, the highest level in five months. Meanwhile, the core inflation index, which strips out short-term fluctuations in the consumer price index, added 0.19% in October, which was above the 0.02% increase observed in September. Annual core inflation, however, fell from 3.6% in September to 3.2%. According to the latest revision to the Macroeconomic Programme 2012-2013, the Central Bank intends to maintain an inflation target of 5.0% (with a tolerance margin of plus/minus 1.0 percentage points) for both 2012 and 2013.


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Costa Rica Inflation Chart

Costa Rica Inflation October 2012

Note: Annual and monthly variation of consumer price index in %.
Source: Costa Rica Central Bank (BCCR).

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