Inflation Continues to Drop in Costa Rica

12 month inflation was 4.83% in September 2009, 10% lower than in the same month of 2008.

Friday, October 2, 2009

"The Consumer Price Index rose only 0.11% in September when compared to August. Accordingly, accumulated inflation for 2009 is now 2.92%, according to data from INEC, the Statistics and Census Institute", reports Elfinanciero.com.

A 4.9% reduction in the cost of electricity, "was the strongest factor in such a low increase in the Consumer Price Index".

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More on this topic

Annual Inflation in Costa Rica Reaches 6.11%

December 2010

The change from December 2009 to November 2010 of the General Price Index was 6.11%, 3.54% more than the annual variation in the same period last year (2.57%).

The National Institute of Statistics and Census reports the main results of the Consumer Price Index for the month of November 2010.

Costa Rica: Inflation Picking Up Speed

June 2010

The Consumer Prices Index grew 0.52% in May; between January and May, prices have increased an accumulated 3.16%.

Such level of inflation is higher than in the same periods of 2009, and the monthly variation for May is the highest since February. Year-on-year variation reached 6.23% in May.

Costa Rica: 4.05% Inflation in 2009

January 2010

Accumulated inflation reached 4.05% in 2009, the lowest since 1971.

The figure is calculated by the Census and Statistics Institute (INEC), based on the Consumer Prices Index (IPC).

"The Central Bank of Costa Rica had an original forecast of between 4% and 6%", reported Nacion.com. "In December alone, the prices index rose 1.02% when compared to November, the steepest monthly increase in 2009".

Inflation Keeps Dropping in Costa Rica

November 2009

Consumer prices had an upwards variation of only 3.16% in the first ten months of the year.

The Consumer Prices Index stands at 134.064 in October, a 0.23% change when compared to September (133.752).

Elfinancierocr.com reports: "It is the third lowest monthly inflation in the past ten years.

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