costa rica inflation

The accumulated inflation over the last 12 months reached 1.79%, below the target of 3% set by the Central Bank for this year.

This is the fifth consecutive year that the inflation index closes below the 3% target that the Central Bank has maintained in recent years.

Fuels had an important impact on the September price drop, with a 7% reduction in the price of gasoline and 2.35% in diesel.

The groups that recorded the highest price increases were those of various goods and services (1.47%), and food and non-alcoholic beverages (0.86%).

Private-sector workers receiving minimum monthly wage will receive a 0.5 percent hike starting July 1.

For the first time in 50 years, Costa Rica registered a negative inflation rate, at –0.81percent, in 2015.