March 9. 2017
Central Bank is targeting 2% to 4% for this year
According to the National Institute of Statistics and Census (INEC) consumer prices in Costa Rica rose 1.09% between February 2016 and February 2017.
INEC compares the average change in the cost of 315 goods and services.
In February 2017, 57% of goods and services were more expensive than in the last 12 months, 33% were cheaper, 10% remained unchanged.
With 1.09% reported, the inflation rate in Costa Rica remains well below the Central Bank’s target of 2% to 4% for 2017.
Inflation rates for the last three years were 5.1% (2014), -0.8% (2015), and 0.8% (2016).