In Oct. 2013, the inflation recorded a variation of 4.11%, the lowest of the year. In September, the annual growth was 5.37%. The change only the month of October was -0.76%.
Earlier this year, the increase of inflation worried the Central Bank since the rate surpassed the target range of between 4% and 6%. In February, the annual change in inflation was 6.52%, the highest registered in 2013.
The increases in state-regulated prices were identified as responsible for the higher growth rate in the CPI.
Between July and September the annual increase of regulated prices index shows a downward trend. In July the percentage was 14.26% while in September there was a 11.68%.
Despite the slowdown, both percentages are above those seen in 2012.
There is not any data for regulated prices to October; however some of the major categories of goods movement for the month correspond to utility rates. Public transportation prices recorded a monthly increase of 0.88% , while electricity service reported a decline of 16.46% and 3.47% for gasoline.
Costa Rica News Site