Tuesday 31 January 2023

Costa Rica Inflation Below 1%

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31 January 2023 - At The Banks - BCCR

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In August the Consumer Price Index (CPI) recorded a monthly variation of 0.03%, putting annual inflation at 0.60%, and inflation accumulated so far this year at 0.97%.

The groups with the greatest contribution to the CPI in August 2016 were: Rent and housing services and entertainment and culture.

In August 2016, of the 315 goods and services included in the consumer basket, 52% went up in price, 34% went down in price and 14% did not change.

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When analyzing the percentage changes in the prices of the twelve groups that comprise the index, it shows that the group Rental and Housing Services is having a major effect on the variation of the general index.

In the last five years (2012 to 2016) the only negative cumulative percentage change from January to August was in 2015 with -0.44%.

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