Friday, 27 November 2020

Costa Rica: Year On Year Inflation up to November reaches 5.89%

COSTA RICA NEWS —  The Institute of Statistics and Census of Costa Rica (INEC) says the variation of the consumer price index in November was 0.34% and the two groups increasing the most were Food and Non-Alcoholic Beverages and Food and Beverages consumed outside the home.

inflation-fruitsIn November the groups with the highest positive variation in prices when compared to the variation of the general index (0.34%) were:

  • Food and non-alcoholic beverages
  • Meals and beverages consumed outside the home
  • Miscellaneous goods and services

Monthly Change
The prices of goods and services in the month of November recorded an increase of 0.34% compared to those observed in the month of October.

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The CPI consumption basket consists of 292 goods and services, of which 51% saw price increases compared to the previous month, 35% decreased, and the remaining 14% remained unchanged.

In November, the consumer groups which influenced the monthly variation of the general index were:

  • Food and non-alcoholic beverages, mainly due to the increase in the prices of tomato and eggs
  • Transportation, with a negative variation mainly due to the decrease in the prices of gasoline, vehicle acquisition and diesel.

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