Fifteen months after the beginning of the health and economic crisis, Guatemala, Honduras and Nicaragua are the economies in the region with the highest inflation rates, a behavior that was influenced by increases in fuel and transportation costs.
In the second quarter of 2020, a period in which the countries of the region were going through a severe economic crisis caused by the Covid-19 outbreak, inflation levels were low and in some economies negative variations were reported.
In the second month of the year the CPI registered a 1.79% year-on-year variation, an inflationary rhythm that exceeds the 1.58% reported in January.
Of the 315 goods and services that make up the consumption basket, 50% increased in price, 41% decreased in price and 9% presented no variation, informed the National Institute of Statistics and Census.
During January, the Consumer Price Index registered a 1.58% year-on-year variation, a rise that was influenced by the increase in the prices of Rent and housing services, and Education.
Out of the 315 goods and services that make up the consumer basket, 48% increased in price, 44% decreased in price and 8% showed no variation, reported the National Institute of Statistics and Census.
After the Consumer Price Index reported a 2.03% year-on-year variation at the end of 2018, in December 2019 the inflationary rhythm dropped to 1.52%.
The groups with greater contribution to the variation of the CPI in December 2019 were: Food and non-alcoholic beverages and Transportation, reported the National Institute of Statistics and Census (INEC).
In Costa Rica, the inflationary rhythm slowed for the fourth consecutive month, as in November the CPI reported a year-on-year variation of 1.86%, below the 2.07% reported in October.
During November, the goods and services that showed the greatest positive effect were: onion, gasoline and tourist packages. On the other hand, automobiles, papaya and tomatoes were among the main ones with the greatest negative effect, informed the National Institute of Statistics and Census.
The inflationary rhythm slowed for the third consecutive month, as in October the CPI reported a 2.07% year-on-year variation, below the 2.53% reported in September.
The groups with the greatest contribution to the variation of the CPI in October are: Transport, and Food and non-alcoholic beverages. Of the 315 goods and services that make up the consumption basket, 49% increase in price, 40% decreased in price and 11% showed no variation, informed the National Institute of Statistics and Censuses.
In August, the Consumer Price Index in Costa Rica reported a 2.9% inter-annual variation, a rise that is partly explained by the behavior of the prices of Food and non-alcoholic beverages, and Clothing and footwear.
Of the 315 goods and services that make up the consumption basket, 52 % increased in price, 41 % decreased in price and 7 % showed no variation, informed the National Institute of Statistics and Censuses.
During July in Costa Rica, the Consumer Price Index reported a 2.9% year-on-year variation, a rise that is partly explained by the behavior of food and non-alcoholic beverage prices.
Of the 315 goods and services that make up the consumption basket, 61% increased in price, 35% decreased in price and 4% showed no variation, reported the National Institute of Statistics and Censuses.
After the year-on-year variation of the Consumer Price Index between January and March of this year will range between 1.4% and 1.7%, and during April inflation was 2.1%, in May the inflationary rhythm rose to 2.3%.
The groups with the greatest contribution to the variation of the CPI in May were: Transport and Entertainment and culture, explains the report of the National Institute of Statistics and Censuses (INEC).
After the year-on-year change in the Consumer Price Index (CPI) between January and March this year ranged from 1.4% to 1.7%, inflation rose to 2.1% in April.
The groups with the greatest contribution to the variation of the Consumer Price Index (CPI) in April are: The National Institute of Statistics and Censuses (INEC) reported that transport, rent and housing services were the main contributors to the change in the Consumer Price Index (CPI) in April.
In the third month of the year, the year-on-year variation of the Consumer Price Index was 1.4%, below the increases of 1.7% and 1.5% recorded in January and February 2019.
During March, the goods and services showing the greatest negative effect were: automobiles, airline tickets and eggs. On the other hand, beans, pizza and domestic service were among the main ones with the greatest positive effect, reported the National Institute of Statistics and Census (INEC).
In the second month of the year, the year-on-year change in the Consumer Price Index was 1.5%, below the 2.2% increase recorded in February 2018.
During February, the goods and services with the greatest positive effect were: automobile, primary education and junior high school. On the other hand, gasoline, papaya and tomato were among the main with the greatest negative effect, reported the National Institute of Statistics and Census (INEC).
The consumer price index did not show any major changes in January, as it barely varied by 0.05% with respect to December, mainly because of the Transport and Education prices.
Of the 315 goods and services included in the consumption basket, 57% increased in price, 36% decreased in price and 7% showed no variation, informed the National Statistics and Census Institute.
After reporting in December 2018 a 2.1% inflation, it is foreseen that this year the inflationary rhythm of the country could range between 2% and 2.6%.
The Central Bank of Costa Rica (BCCR) presented its inflation projections for the current year, in which is contemplated the expected effect of the international price of hydrocarbons as well as the impact of the entry into force of the value added tax.
The variation of the CPI reported during December 2018, was determined by the behavior of prices of Transport and Food and alcoholic beverages.
The National Institute of Statistics and Census reported that, during December, the goods and services showing the greatest positive effect are: tourist packages, subscription television and internet service. On the other hand, gasoline, airfare and liquefied gas were among the main with the greatest negative effect.