Costa Rica's June inflation rises to 6.55%

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.

Thursday, July 3, 2008

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. Some economists say the nation's monetary policy is also a major factor.
Eric Varga, an economic analyst, says the economy cannot continue to support the maintenance of negative real interest rates over the long term because this stimulates internal demand and promotes inflationary tendencies.

More on this topic

Costa Rica: Steady Rise in Inflation

July 2014

The increase in the price of the dollar in the local market earlier this year and the general rise in prices of regulated and non-regulated goods is keeping underlying inflation rising.

Underlying inflation, which measures core inflation and disregards from the calculation more volatile goods and services has a clear upward trend, confirming a widespread and sustained increase in prices in the country.

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.

Economic Weakness Deepens Fall of Inflation

July 2009

The consumer price index continues to show slower growth in Costa Rica. There was an increase of 0.17% in June.

In interannual terms, the indicator rose 8.2%. The accumulated variation in the first six months of this year was 1.21%, smaller than the 6.55% increase during the same period last year.

Inflation in Nicaragua to top 20%

June 2008

Nicaragua could finish the year with an inflation rate of more than 20 percent, according to estimates based on figures provided by the Central Bank of Nicaragua. That's more than double official projections.

The reason for higher prices is the high and rising cost of food and fuel, say independent economists.

 close (x)

Receive more news about Economics

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

Tailor made software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

(Feb 28)
Dow Jones
S&P 500


(Mar 16)
Brent Crude Oil
Coffee "C"