No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveCosta Rica's inflation registers 4.26 percent in November

Costa Rica’s inflation registers 4.26 percent in November

November registered the highest inflation rate of the year, mainly due to increases in water and electricity rates and bus fares.

The National Statistics and Census Institute (INEC) reported that between January and November, inflation reached 4.26 percent, a higher percentage than that in the same period last year, when it reached  3.79 percent.

According to INEC, the annual variation increased 5.22 percent, while a year ago, it was 4.56 percent.

The study notes that one of the factors that prevented even higher figures in the cost of living was a reduction in fuel prices.

The Costa Rican Central Bank’s target is to close the year with an inflation rate of 4-6 percent.

Of the 292 products and services included in the basic food basket, 56 percent increased in cost in November, 12 percent remained unchanged and the remaining 32 percent decreased.

Goods and services with the biggest increases during 2012 are cigarettes and alcohol (31.5 percent), rent (13.7 percent), education (7.3 percent), transport (6 percent) and health (5 percent).

Trending Now

Costa Rica Puma Makes Miraculous Recovery

A puma survived a vehicle collision in La Fortuna de San Carlos and returned to the wild after officials provided veterinary care. The incident...

Costa Rica Takes Over Leadership of the OAS Permanent Council

Costa Rica took over the rotating chair of the Organization of American States Permanent Council today, placing Ambassador Alejandra Solano at the head of...

Costa Rica Launches First App to Identify Venomous Snakes

Costa Rica now has its first mobile app designed to help people identify venomous snakes and respond to bites. The Clodomiro Picado Institute at...

Costa Rica Tourism Chamber Calls for Central Bank Rate Cuts

The National Chamber of Tourism pressed the Central Bank of Costa Rica to lower its policy rate as the industry struggles with competitiveness. Canatur...

Costa Rica Tourism Leaders Oppose Proposed Gas Station in Santa Teresa

Tourism leaders in Santa Teresa are pushing back against a proposed gas station, saying the project does not fit the beach town’s identity as...

Nicaragua Celebrates Semana Santa with Unique Religious Traditions

Nicaragua is marking Holy Week with a mix of religious devotion, family travel and local customs that give Semana Santa in the country a...
L. Arias
L. Arias
Reporter | The Tico Times |
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica