Costa Rica Inflation

Costa Rica

Costa Rica: Inflation drops in July

August 3, 2012

In July, consumer prices fell 0.30% over the previous month, which contrasted the 0.16% rise recorded in June. The monthly drop, the sharpest since December 2008, came on the back of lower prices for transport as well as food and non-alcoholic beverages. Building on the monthly reading, annual inflation fell from 4.6% in June to 3.9 % in July, its lowest level since November 2009. Meanwhile, the core inflation index, which smoothens short-term fluctuations in the consumer price index, added 0.20% in July, which was above the 0.14% increase observed in June. Annual core inflation fell from 3.9% in June to 3.6%. According to July's revision to the Macroeconomic Programme 2012-2013, the Central Bank intends to maintain an inflation target of 5.0% (with a tolerance margin of +/- 1.0 percentage points) for both 2012 and 2013


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Costa Rica Inflation July 2012

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


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