Thursday 24 June 2021

Strong Slowdown in Inflation

a92f5a02b3a9c6aa27b58574cb328313_400x400(QCOSTARICA) In June, the CPI showed a variation of 0.43%, placing inflation in the last twelve months at 1.02%, well below the 4.59% of a year ago.

From a statement issued by the National Institute of Statistics and Census (Instituto Nacional de Estadística y Censos – INEC):

– In June the group that had the highest positive variation in prices compared to the variation of the general index (0.43%) was Transport. Mainly due to rising gasoline prices, vehicle acquisition and vehicle tires.

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– Food and non-alcoholic beverages, were the groups that most influenced the increase in the monthly change in prices, mainly driven by the price of papaya and oranges.

– The CPI consumption basket consists of 292 goods and services, of which 52% saw price increases compared to the previous month, 34% decreased, and the remaining 14% remained unchanged.

Click here to view the full report by the INEC. (in Spanish)

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FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

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