Inflation Registers 7.24% Between January, October

Inflation in Costa Rica during the first 10 months of the year reached 7.24%, down from the 11.13% inflation registered during the same period last year, according to the National Statistics and Census Institute (INEC).

Between September and October, the cost of living increased 0.19%, mainly because of increases in the price of drinks and foods such as eggs, potatoes and milk, and household goods, said a Nov. 2 statement from INEC.

However, prices for transportation and gasoline have decreased in recent months.

October was the month with the third lowest inflation so far this year, behind September, when there was a 0.16% deflation, and March, when inflation registered 0.16%.