Inflation in Costa Rica Reaches 8.2%
The 8.2% variation in the Consumer Price Index places inflation at it’s lowest level in the last 7 years in Costa Rica.
Friday, July 3, 2009
According to Edgar Delgado Montoya, in his article for Elfinancierocr.com, the slowdown of the inflation is due to “the contraction of the internal demand and the fall in prices of some imported products, among them are raw materials and petroleum.”
The CPI growth in Costa Rica is 4.68%, but when the index is picked apart by categories, the feeling is that prices have indeed risen considerably.
The consumer prices index (IPC) rose 1.46% in February 2010, almost three times more than in the same month of 2009, when it climbed 0.58%.
The General level of the consumer price index in June had a variation of 0.18%, 0.34% less than the same period in 2012.
In January the consumer price index declined by 0.39%, mainly because of the reduction in the prices of beans and fuels.
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