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
How to file a criminal complaint, or ‘denuncia,’ in Costa RicaCaeli Chesin - March 22, 2019
In Costa Rica, a criminal complaint can report workplace harassment, a home invasion or sexual assault, among other crimes related…
Off the eaten path: Aroi ThaiWilliam Ayre - March 22, 2019
Aroi Thai was the first Thai restaurant in Costa Rica. They started as a delivery-only service before opening a restaurant…
Costa Rica confirms measles cases in children of United States citizensAlejandro Zúñiga - March 21, 2019
Costa Rica is enacting a National Surveillance Protocol after confirming two cases of measles, the Health Ministry announced Thursday afternoon.…