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.
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.
In January the consumer price index rose by 0.04%, an increase which was mainly due to the categories Food and Spirits and Food and Beverages Consumed Outside of the Home.
From a statement issued by the National Institute of Statistics and Census of Costa Rica:
Consumer Price Index, based in July 2006 January 2015
The National Institute of Statistics and Census reports on the main results of the Consumer Price Index for the month of January 2015.
The variation of the consumer price index in November was 0.34% and the two groups increasing the most were Food and Non-Alcoholic Beverages and Food and Beverages consumed outside the home.
From a statement issued by the Institute of Statistics and Census of Costa Rica (INEC)
In November the groups with the highest positive variation in prices when compared to the variation of the general index (0.34%) were: