June Inflation Registers at 0.96%

Costa Rica registered a monthly inflation of 0.96% in June.

This rate represents an increase over May’s inflation rate of 0.52% and the June inflation rate reported in 2005 (0.46%), though it’s a decrease from the June 2004 inflation rate (1.07%), according to the National Statistics and Census Institute (INEC).

Inflation over the past 12 months was 12.42%, and registered 5.31% during the first six months of this year. Inflation in 2005 registered 14.07%.

Central Bank president Francisco de Paula Gutiérrez has announced a target inflation rate of 11% for 2006 and 10% for 2007 (TT, Jan. 27).