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.”

In fact, the Central Bank of Costa Rica modified its target inflation for 2009 from 9% to 8%, Delgado Montoya added that “monetary authorities confirm that it is very possible that the variation will be closer to 7% in December.”

Source: elfinancierocr.com

More on this topic

Nicaragua: Inflation in June was 3.79%

July 2013

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.

Monthly inflation report by the Central Bank of Nicaragua:

I. National Inflation

The national CPI increased by 0.18% in June (-0.34% in 2012), results by geographic area,​ ​0.20% in the rest of the country and 0.17% in Managua.

Inflation, Not Seen, But Felt

November 2012

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.

From the blog by Aldesa, Pulso Bursátil:

Inflation in Costa Rica: Hype or Reality?

The increase in the general level of prices between January and October this year is 3.4% and the variation between October 2011 and October 2012 is 4.68%.

Inflation Grows in Nicaragua

March 2010

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%.

So far 2010, prices have increased 2.44%, according to data from the Central Bank of Nicaragua.

“Nicaragua’s inflation in the first two months of 2010 is the highest of Central America, followed by Costa Rica with 2.32%, Guatemala (1.73%) and Honduras (1.3%).

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.