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

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.

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.

Nicaragua has the highest inflation in Central America

April 2008

Nicaragua has the highest index of inflation of the six Central America, at 1.48 per cent, followed by Panama and Guatemala.

The lowest inflation rate is in Costa Rica, the country with the most stable economy in the isthmus, according to the web site
Information from the region shows that between February and March, the average monthly variation of the price index for the six Central American countries shows an increase of 0.99 per cent, slightly lower than the 1.13 per cent rise between January and February.

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