Arguing that the predictions suggest that inflation in 2019 could be above the upper limit of the target range, the Central Bank of Costa Rica decided to raise the monetary policy rate from 5% to 5.25%.
From the statement of the Central Bank of Costa Rica:
November 1st, 2018. The Board of Directors of the Central Bank of Costa Rica (BCCR), in the session of October 31st, 2018, decided to increase the monetary policy rate (TPM) by 25 basic points to 5.25% annually. The Board of Directors also agreed to increase the gross interest rate on one-day deposits (DON) by 19 basis points to 3.23% annually. Both increases are in effect from November 1st, 2018.
Figures from Funde detail that last year FDI totaled $445 million, and in March 2018 economic activity grew by 2%.
The National Development Foundation (Funde) presented the results of the report "Economic and fiscal situation 4th year of the administration 2014-2019", and among the main conclusions of the study is that "...El Salvador remains behind as a recipient of resources Direct Foreign Investment in Central America, even though Guatemala and Nicaragua had falls in net inflows in 2017."
In the first quarter of 2018, the economy recorded a 6.4% Yoy growth, explained by the performance of free trade zone activity and construction.
The Central Bank of the Dominican Republic reported that "...The Dominican economy recorded a year-on-year expansion of 6.4% in the January-March 2018 quarter, maintaining the rate of growth above its potential, following monetary easing measures implemented as of August 1st of last year."
Last year, economic activity and employment generation continued to rise, cumulative inflation reached 5.7% and international reserves were strengthened.
From a statement issued by the Central Bank of Nicaragua:
For the eighth consecutive year, Nicaragua continued to register a positive macroeconomic performance. Economic activity and job creation continued to grow and inflation remained stable, reaching a cumulative variation of 5.68 percent. The management of public finances continued to be prudent, international reserves were strengthened, while the financial system remained sound. An improved international context and good rainfall favored growth of exports, as well as an increase in the flow of family remittances and tourism which contributed to the strengthening of the country's external position.
Claiming that in the last few months inflation expectations have increased, the Central Bank has raised the monetary policy rate from 4.75% to 5%, from February 1st.
The Central Bank argues that the price of oil has maintained a bullish behavior since July 2017. This situation, with a backlog, is transferring to the local price of fuels, with a potential transmission in the coming months towards other prices.
For the sixth time in the year and arguing future inflationary pressures, the Central Bank has raised the monetary policy rate to 4.75% as of November 30.
Consulted on the matter by Nacion.com, economist Alberto Franco said that "...Before the absence of clear signs of greater inflationary pressures and a slowdown in local economic activity in recent months, this measure, in my opinion, could seek, fundamentally, to preserve the premium for investing in colones, in the face of a very likely increase in the reference rate of the Central Bank of the United States, the FED, in this next month of December."
In May the consumer price index recorded a rise of 0.34%, placing inflation accumulated so far this year at 1.61%.
The Central Bank of Honduras reports that "...The monthly variation of the Consumer Price Index (CPI) in May 2016 was 0.34%, a result influenced by an increase in prices of food and fuel. [GRAFICA caption = "Click to interact with graphics"]
This variation is lower than in the same month in 2015 (0.42%).Meanwhile, interannual variation was 2.36%; and accumulated inflation stood at 1.61%; highlighting the downward trend seen in inflation in the last four months.Of the 282 goods and services included in the consumer basket that make up the CPI, 48.94% showed rising prices, 12.05% fell and the remaining 39.01% were unchanged during the month under analysis.The category that contributed the most to monthly inflation was "Food and non-alcoholic beverages" with 0.13 percentage points (pp); followed by "Transport" with 0.08 pp, "Housing, water, electricity, gas and other fuels" with 0.05 pp and "Clothing and footwear" with 0.03 pp; contributing 85.29% of total inflation together.
In the first four months of the year inflation was 3.89%, and prices of food and non-alcoholic beverages, clothing and footwear, and transport saw the higher increases.
From a press release issued by the Central Bank of Honduras (BCH):
In May 2014, the rate of change of the Consumer Price Index (CPI) was 0.51%; whereas inter annual and cumulative variations totaled 6.22% and 3.89% respectively.
In February prices increased by 0.20%, driven by the food, goods and services and housing sectors.
Of the twelve divisions of expenses making up the Consumer Price Index (CPI), the sectors of food, goods and services, and housing were those that contributed the most to the inflation seen in February.
From information published by the National Statistics Institute (INE):
The national cumulative inflation in February 2014 stood at 1.39%, while in the same month of 2013 it was 1.80%.
Monthly inflation was 0.66% and was determined by the behavior of the education, housing and water sectors among others.
From a press release issued by the Central Bank of Honduras (BCN):
Monthly domestic inflation in February 2014 was 0.66% (0.61% in February 2013), according to the Consumer Price Index (CPI), which was published on March 6 by the Central Bank of Nicaragua (BCN).
The Institute of Statistics and Census analyzes the behavior shown during 2013 in the prices of goods and services.
Between January and December 2013, the Consumer Price Index (CPI) registered a variation of 3.68 %. The consumer goods groups that influenced the cumulative change the most were communications, food and beverages, education and residential properties.