Costa Rica Coffee Guide

Costa Rica meets inflation goal for 2012

January 3, 2013

Accumulated inflation in Costa Rica during 2012 was 4.55 percent, which means the country achieved its goal of keeping inflation between 4 and 6 percent, the National Statistics and Census Institute (INEC) reported in a release Thursday.

 The INEC report also stated that the figure is lower than the 4.74 percent recorded in 2011, and is the second lowest in the last decade, behind 4.05  percent accumulated in 2009.

During 2012 goods and services that most influenced the indicator were electricity, water, housing rentals, taxis and bus fares, gasoline and private education, according to INEC.

Last December the inflation increase was 0.28 percent, which is also lower than the same month of 2011, when it reached 0.92 percent.

You may be interested

Riteve due dates extended in response to pandemic-related closures
Business
1556 views
Business
1556 views

Riteve due dates extended in response to pandemic-related closures

The Tico Times - July 16, 2020

Have a car with an expiring inspection sticker? You likely have another month to pass the annual checkup. The Public…

President Carlos Alvarado reduces salary in the face of economic crisis
Costa Rica
372 views
Costa Rica
372 views

President Carlos Alvarado reduces salary in the face of economic crisis

AFP and The Tico Times - July 16, 2020

The President of Costa Rica, Carlos Alvarado, announced Thursday that he will reduce his salary by 15% in support of…

OECD urges Costa Rica to maintain fiscal discipline in recovery after pandemic
Costa Rica
483 views
Costa Rica
483 views

OECD urges Costa Rica to maintain fiscal discipline in recovery after pandemic

AFP and The Tico Times - July 16, 2020

The Organization for Economic Cooperation and Development (OECD) on Wednesday urged Costa Rica to maintain rigorous fiscal discipline as seeks…