We inform you that Costa Rica's Consumer Price Index, used to measure inflation, registered a decrease of 0.21% in August, marking the second consecutive month of decline.
With this result, the year-on-year variation was -0.94%, while the cumulative variation so far this year was -1.56%.
According to the National Institute of Statistics and Census, the divisions that most influenced the fall were food and non-alcoholic beverages, as well as recreation, sports and culture.
Of the 289 goods and services that make up the index, 42% decreased in price, 40% increased, and the remaining 18% remained unchanged. Among the products with the greatest negative effect were beans, tourist packages abroad, and gasoline. In contrast, diesel, vanica and pineapple contributed to the increase in some items.
In total, eleven of the thirteen divisions that make up the index showed price decreases.
Thus, the country accumulates another month with inflation in negative territory, a key data for the national economy.
This is a news service prepared by ICS. For more information about the story, write to info@ics.cr or call 2519-9992 ICS, tax specialists.