Inflation in Costa Rica shoots up to 15.4%

Accumulated inflation for the last 12 months ended August reached 15.4%, highest accumulated variation in that period since April 1997.

Wednesday, September 3, 2008

The growth in inflation affects those that are saving in colones since the colon loses purchasing power and interest rates are lower than the increase in the cost of living.
It also affects those with credit in development units, as this virtual money grows based on the consumer price index (CPI) and is hardest hit by the price of fuel because its only tax is adjusted with the CPI.

More on this topic

Costa Rica Closes 2013 with Inflation of 3.68%

January 2014

Communications, food and beverages and residential rents were the consumer groups which grew the most during the year.

From a statement by the National Institute of Statistics and Census (INEC)

Consumer Price Index, based on July 2006
December 2013

The National Institute of Statistics and Census reports on the main results of the Consumer Price Index for the month of October 2013.

Costa Rica: In 11 Month Inflation Reaches 3,79%

December 2011

Accumulated variation from January to November is 3,79% with Transport and Education being the groups having the most affect on inflation.

A press release from the National Institute of Statistics and Census (INEC) reads:

In November the groups reporting positive variations less than the General Index were:

Costa Rica: Inflation Rate Accelerated in October

November 2010

Inflation in October reached 5.25% for the year.

The increase in the month of October was 0.47%, which represents the largest monthly increase since May, the month which saw a 0.55%. rise.

According to a report released by the INEC, the five goods and services with the greatest contribution to the increase, two are regulated (water and transportation service) and two are agricultural products, which are closely related to climate conditions that affect supply (tomato and potato), and the fifth is coffee. Negotiated contracts for coffee in international markets have experienced a rise of more than 40% this year. Concerns about bad weather and outbreaks in major suppliers such as Vietnam and Colombia have influenced this increase.

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".

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