• Costa Rica Real Estate

Costa Rica registers negative inflation in 2015

January 8, 2016

Costa Rica ended 2015 with a negative inflation rate, thanks in large part to lower fuel and electricity costs, according to figures released by the National Statistics and Census Institute (INEC) on Friday.

It marks the first time Costa Rica has registered negative inflation since 1965 – exactly 50 years ago.

In eight of the 12 months last year, the prices of various products and services used to make up the index were in the negative, leading to an end-of-the-year variation of -0.81 percent.

“We saw an important decrease in electrical services and fuels such as gasoline and diesel in the first and second halves,” said Oddet Navarro, spokeswoman for the Price Index program at INEC.

Food products, namely produce, also saw decreases, along with bus fares, she said.

In 2014, annual inflation was 5.13 percent. Costa Rica’s highest rate of inflation in the past decade was registered in 2008 at a rate of 13.9 percent.

Facebook Comments

You may be interested

Costa Rica investing $42 million for health facilities in Guanacaste
Costa Rica
123 views
Costa Rica
123 views

Costa Rica investing $42 million for health facilities in Guanacaste

Alejandro Zúñiga - July 22, 2019

Costa Rica's Social Security System (Caja), which manages the country's socialized health care system, announced Monday a $42 million plan…

Eighty-four Ticos participating in the 2019 Pan American Games
Costa Rica
65 views
Costa Rica
65 views

Eighty-four Ticos participating in the 2019 Pan American Games

Alejandro Zúñiga - July 22, 2019

The 2019 Pan American Games begin Friday, July 26 in Lima. Eighty-four Costa Rican athletes -- 44 women and 40…

Slothy Sunday: Counting down to the 4th annual Sloth Ironman Games
Sloth Sundays
308 views
Sloth Sundays
308 views

Slothy Sunday: Counting down to the 4th annual Sloth Ironman Games

Zara Palmer / Toucan Rescue Ranch - July 21, 2019

Did you know that there is an internationally recognized holiday all about sloths? That’s right – there is, in fact,…

Do NOT follow this link or you will be banned from the site!