• Costa Rica Coffee Guide
  • Costa Rica Real Estate

Inflation Rate Slows in First Two Months of 2009

March 6, 2009

Prices of basic goods and services during January and February combined rose by 0.82 percent, slowing by 1.85 percent compared with the same period last year, according to the National Statistics and Census Institute (INEC).

Inflation in February alone was 0.44 percent, below the 1.11 percent registered the same month in 2008, the institute said in its latest Consumer Price Index (IPC). The index details price changes in different areas from services to products to entertainment.

Last month, the areas that increased the most included food and beverages consumed outside the home (0.76 percent), clothing and footwear (0.75 percent) and house rental fees and services (4.68 percent).

The IPC tracks the basic consumer basket, which includes more than 292 essential or commonly-used products and services.

From that basket, 65 percent registered a hike in February when compared to January´s prices, while only 28 percent showed a decrease. The remaining 7 percent of products and services showed no variation.

In a statement released on Tuesday regarding the INEC monthly report, the consulting firm Aldesa said the moderation of economic activity worldwide along with the drop of prices of commodities and the increase of interest rates on a local level would continue to temper inflation.

 

You may be interested

Costa Rica is easing measures. Here’s what’s open
Costa Rica
228 views
Costa Rica
228 views

Costa Rica is easing measures. Here’s what’s open

Alejandro Zúñiga - June 6, 2020

Costa Rica continues easing coronavirus restrictions. Here's what's open (and what isn't) in Costa Rica as of early June 2020.…

Costa Rica adds 35 coronavirus cases, surpasses 700 recoveries
Costa Rica
20360 views
Costa Rica
20360 views

Costa Rica adds 35 coronavirus cases, surpasses 700 recoveries

Alejandro Zúñiga - June 6, 2020

Costa Rica confirmed 35 new cases of the coronavirus over the past day, totaling 1,263 cumulative known cases, the Health…

How to find a maxillofacial surgeon in Costa Rica
Dental Tourism
1654 views
Dental Tourism
1654 views

How to find a maxillofacial surgeon in Costa Rica

James Madigan / Costa Rica Dental Guide - June 6, 2020

Maxillofacial surgery to correct facial pain caused by joint disorders, facial trauma, and for cosmetic or restorative dentistry is a…