Costa Rica: 2009 Inflation just 2.14%

The rhythm at which consumer prices increase continues to slow down, a trend started in November 2008.

Tuesday, August 4, 2009

For the first seven months of 2009, prices increased 2.14%, with a 0.92% increase registered in July.

Some of the products increasing their prices in the month were "fuel, vehicle purchases, air tickets and domestic services".

An article in Elfinancierocr.com reports that "between July 2008 and 2009, inflation was 6.9%", while between November 2007 and 2008, the increase in prices was 16%. These numbers confirm "that prices are increasing at a considerable lower rate this year".

More on this topic

Costa Rica: Annual Inflation Falls Slightly

August 2011

The inflation rate in the last 12 months stood at 5.19% through July, 0.49 percentage points lower than in the same month in 2010.

In respect to 2011, the General Price Index has risen by 3.13%, with the most influenced sector being the transport industry, with growth of 8.7% compared with 0.12% in the same seven months in 2010 .

Costa Rica: Inflation Decreases in May

June 2009

Inflation, which had exceeded the two annual measurement figures since November 2008, has been declining.

In May, the Consumer Price Index (CPI) was the lowest this year, according to data from the National Institute of Statistics and Censuses (INEC).

Edgar Delgado Montoya wrote for the web edition of El Financiero: "It's the first time that the increase was in single digits since October 2007.

Nicaragua with highest inflation in the region

January 2009

Economists calculate that the general rise in prices was between 14.8 and 15.3% at the end of 2008.

According to laprensa.com.ni, "As of November, according to the most recent data from the BCN, inflation was at 14.04% due mainly to the increase in the price of food and beverages (tomatoes, peppers, potatoes, cabbage, cheese and eggs); home furnishing and maintenance (domestic salary, furniture, detergent and clothing), and other good and services (cigarettes, bath soap, toilet paper)."

Inflation in Costa Rica shows downward trend

December 2008

The results for the last three months of inflation show that the sustained increase in prices is starting to change.

In the last three months (September, October, and November) the price index went up 3.3%.

If this result is annualized (its is supposed that the behavior during these three months will be the same during the rest of the year), inflation falls to 13.7 with a clear tendency for slowdown since July when it was at 24%

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