Inflation rate continues to fall in Costa Rica

May 1, 2009

The fast-rising inflation that characterized most of 2008 has continued to fall since its high six months ago, bringing the monthly inflation rate to nearly half of April´s 10-year average, according to a report released Tuesday by the National Statistics and Census Institute (INEC).

The Consumer Price Index rose 11.75 percent since May of last year, falling from a high of 16.3 percent yearly change in November, according to the INEC report. April´s monthly increase was 0.33 percent.

The report indicated that the prices for luxury goods, like alcoholic beverages and tobacco, rose most significantly in April, a 3 percent increase; prices for necessities like food and non-alcoholic beverages actually dropped about 0.46 percent.

While inflation has been slowing, the yearly price increase of 11.75 percent the report cited is actually slightly above par – the third highest in the past decade. The number accentuates just how high inflation was throughout 2008, since the past five months have logged price inflation far below average.

Prices for gasoline rose 6.4 percent, while the cost of electricity rose 1.6 percent, the INEC reported.

Facebook Comments

You may be interested

Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)
Pic of the Day
6 views
Pic of the Day
6 views

Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)

Alejandro Zúñiga - April 18, 2019

Isla Nublar, the setting for much of the "Jurassic Park" series, is unfortunately not a real Costa Rican island. Cocos…

Costa Rica holds Maduro regime responsible for diplomat’s safety
Costa Rica
5 views
Costa Rica
5 views

Costa Rica holds Maduro regime responsible for diplomat’s safety

AFP and The Tico Times - April 18, 2019

The Costa Rican Foreign Ministry said on Wednesday that it places responsibility with the Venezuelan government of Nicolás Maduro for…

Venezuela withdraws diplomatic credential from Costa Rican diplomat
Latin America
19 views
Latin America
19 views

Venezuela withdraws diplomatic credential from Costa Rican diplomat

AFP and The Tico Times - April 17, 2019

Venezuela withdrew the diplomatic credential from the Costa Rican chargé d'affaires on Tuesday in retaliation for the country’s acceptance of…

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