Inflation Rises in Costa Rica

After the year-on-year change in the Consumer Price Index (CPI) between January and March this year ranged from 1.4% to 1.7%, inflation rose to 2.1% in April.

Thursday, May 9, 2019

The groups with the greatest contribution to the variation of the Consumer Price Index (CPI) in April are: The National Institute of Statistics and Censuses (INEC) reported that transport, rent and housing services were the main contributors to the change in the Consumer Price Index (CPI) in April.

The INEC report states that "... Of the 315 goods and services that make up the consumption basket, 47% increased in price, 42% decreased in price and 11% showed no variation.

During April, the goods and services that showed greater positive effect are: electricity service, gasoline and automobile. On the other hand, eggs, papaya and cabbage were among the main with the greatest negative effect.

In April of the last ten years, the highest year-on-year variation was presented in 2013 with 6.31%, while in 2016 the only negative year-on-year variation was registered (-0.92%).
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After the year-on-year variation of the Consumer Price Index between January and March of this year will range between 1.4% and 1.7%, and during April inflation was 2.1%, in May the inflationary rhythm rose to 2.3%.

The groups with the greatest contribution to the variation of the CPI in May were: Transport and Entertainment and culture, explains the report of the National Institute of Statistics and Censuses (INEC).

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