Costa Rica's inflation to surpass 11%

A survey of economic forecasts shows that the average inflation rate expected for Costa Rica over the next 12 months is 11.7 per cent. A currency devaluation of 3.5 percent is also expected.

Thursday, June 19, 2008


The survey is carried out each month by the Central Bank to measure inflation and exchange rate expectations by analysts and experts. The survey covers businessmen, academics and consultants.
The respondants expect that the increase in cost of the basic basket of goods, which includes 292 products, will rise faster than it has in past months.

More on this topic

Analysts pessimistic about Guatemala's economy

July 2008

A group of private analysts who are consulting for the Bank of Guatemala are predicting that annual inflation will be 11.86 percent by year-end.

The believe inflation will remain in double digits (10.7 percent) in 2009 as a result of the high oil prices. In addition, food prices have risen more than 12 percent in recent months.

Costa Rica's June inflation rises to 6.55%

July 2008

The rise in food and fuel prices on international markets continues to spur inflationary expectations in Costa Rica. These concerns were first expressed by the Central Bank early in the year.

In June, the annual rate of inflation stood at 6.55 percent.
Not everyone is prepared to blame oil and food prices as the main culprit in the latest round of inflation.

Costa Rica: More Inflation and Less Devaluation

February 2011

The Costa Rican Colon is expected to depreciate less over the next twelve months, compared to what was expected a year ago, according to a survey made by the Central Bank of Costa Rica.

A year ago, in January 2010, the expectation was a devaluation of 5.5%, with an exchange rate of ¢ 563 at the time. That would have meant that one dollar would now be worth ¢ 593.

Goals of the Central Bank of Costa Rica generate skepticism

August 2008

Experts believe that it is difficult for the Central Bank to meet the objectives of its macro-economic plan for this year and the next.

The new projections will be hard to reach because international inflationary pressures will continue despite apparent reductions in the last few months.

 close (x)

Receive more news about Economic outlook

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Ecoanálisis S.A.

Organization that operates in Costa Rica.
Phone: (506) 2291-7600

Company Profile

Stock Indexes

(Oct 27)
Dow Jones
S&P 500


(Oct 28)
Brent Crude Oil
Coffee "C"