Costa Rica’s first quarter inflation reaches 2.46 percent

April 2, 2013

Accumulated inflation in the first quarter of this year reached 2.46 percent, 0.86 percent more than the same period in 2012, the National Statistics and Census Institute (INEC) reported on Tuesday.

INEC’s report indicates that goods and services that most influenced inflation were fuel, taxi fares and rental housing.

Inflation during March was 0.11 percent, the second lowest in the last decade for that month, behind the 0.01 percent in 2009.

The yearly indicator, which is accumulated from April 2012 to March 2013, reached 6.21 percent, up 4.21 percent from the same period last year.

Costa Rica ended 2012 with an inflation rate of 4.55 percent, the second-lowest figure in the last decade, behind cumulative 4.05 percent in 2009.

The Central Bank of Costa Rica set the inflation goal for 2013 between 4-6 percent.

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