March Inflation Registers at 0.46%
FUELED by higher housing and transportation costs, Costa Rica registered a monthly inflation of 0.46% in March.
Inflation for the first three months of this year was 3.49%, the National Statistics and Census Institute (INEC) reported on Monday.
Inflation for the first three months of 2003 was 2.12%. Inflation over the last 12 months was reported at 11.34%.
March’s inflation numbers mark an important decrease in the inflation rate, which between October 2003 and February of this year had been growing at more than 1% each month.
Despite the drop, it appears difficult for the Central Bank to meet its target inflation of less than 9% in 2004 (TT, March 26). Annual inflation in 2003 was 9.87%.
You may be interested
Bello Horizonte retirement home gives the elderly a new lease on lifeKarl Kahler - April 20, 2021
Setting a new standard for retirement homes in Costa Rica, the brand-new Bello Horizonte Hotel & Apartments in downtown San…
Costa Rica begins AstraZeneca vaccine injectionsAlejandro Zúñiga - April 19, 2021
Costa Rica on Monday began inoculating citizens and residents against Covid-19 using the AstraZeneca vaccine. At a ceremony, several Costa…
Human smugglers reap billions selling the American DreamYussel Gonzalez / AFP with Herika Martinez in Ciudad Juarez - April 19, 2021
The tide of migrants sweeping across Mexico to the US border is not just a humanitarian crisis -- it is…