February Inflation Registers at 0.89%
Costa Rica registered a monthly inflation of 0.89% in February.
This rate represents a decrease from January’s inflation rate of 1.17% and from the February inflation rates reported in 2005 (1.09%) and 2004 (1.29%), according to the National Statistics and Census Institute (INEC). The inflation over the past 12 months was 12.96%; inflation for 2005 was 14.07%.
Central Bank President Francisco de Paula Gutiérrez has announced a target rate of 11% for 2006, and 10% for 2007 (TT, Jan. 27).
You may be interested
IMF loan ‘ultimately benefits all Costa Ricans,’ Alvarado says in interview
The Tico Times - March 2, 2021The International Monetary Fund (IMF) on Monday approved a three-year, $1.78 billion loan to help stabilize Costa Rica's economy. Read: IMF…
This day in history: Pope John Paul II visits Costa Rica
The Tico Times - March 2, 2021Tuesday is the 38th anniversary of Pope John Paul II’s visit to Costa Rica. As the first pope to visit the country,…
The compromises Costa Rica made with the IMF
The Tico Times - March 2, 2021Costa Rica will receive a three-year, $1.78 billion loan from the International Monetary Fund as part of the financial entity’s…
