Costa Rica: Inflation increases in July
Consumer prices increased 1.09% from the previous month in July, which was below June’s 1.78% rise. July’s result marked the weakest reading since March. The slowdown was driven by falling prices for transportation and housing, which partially offset higher food price pressures.
Inflation rose to 11.5% in July, above June’s 10.1%. July’s result was the highest inflation rate since April 2009. Meanwhile, the trend pointed up, with annual average inflation coming in at 5.4% in July (June: 4.6%).