Costa Rica: Inflation comes in at over one-year high in December
Latest reading: Consumer prices rose 0.8% in December, contrasting November’s 0.1% drop. December’s result represented the highest inflation rate since May 2023. The acceleration was primarily due to stronger price pressures for food and non-alcoholic beverages. In addition, transportation prices dropped at a more moderate rate.
The annual average variation of consumer prices ticked up to minus 0.4% in December (November: -0.6%).
Lastly, consumer prices increased 0.94% from the previous month in December, picking up from November’s 0.47% increase. December’s result was the highest reading since July 2022.