No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveCosta Rica inflation reaches 1.31 percent in January

Costa Rica inflation reaches 1.31 percent in January

Inflation for the first month of 2013 in Costa Rica registered 1.31 percent, which represents a significant increase compared with 0.17 percent in the same month last year, according to the National Statistics and Census Institute (INEC).

INEC said in a press release that of the 292 goods and services included in the monthly study, 57 percent had price increases, 33 percent decreased and the rest remained unchanged.

Price increases for goods and services that most influenced January inflation were electricity rates, bus fares, higher education, tourism and food.

Inter-annual inflation, which measures inflation accumulated during the last 12 months, stood at 5.74 percent, the highest in the past four years.

Costa Rica ended 2012 with an inflation rate of 4.55 percent, the second-lowest figure in the last decade, behind cumulative 4.05 percent in 2009.

The Central Bank of Costa Rica set the inflation goal for 2013 between 4 and 6 percent.

Trending Now

Prisma Dental in Costa Rica Keeps Customers Happy and Smiling

I am 81 years old and have had teeth removed, bridges, and cavities fixed several times to sustain my ability to eat and function....

Honduras Seizes $2 Million, Gold-Plated Pistols in Drug Raid

Honduran authorities struck a blow against drug cartels, seizing over $2 million in cash, war rifles, and flashy gold-plated pistols in Copán, a northwest...

Costa Rica Introduces New ₡500 Coin: Old One No Longer Valid

Visitors to Costa Rica this month should be aware of an important change to the country’s currency. As of Tuesday, July 1, the old...

Costa Rica Pushes USA to the Brink but Falls in Penalty Heartbreak

If you just caught the end of the USA vs. Costa Rica Gold Cup quarterfinal, you probably feel like you need another cup of...

Chiquita Brands Leaves Panama Amid Protests, Talks Underway to Resume

Laid-off workers from the U.S.-based banana company Chiquita Brands said on Monday that they are hoping for the company’s return to Panama, after it...

Guatemala Makes History as They Face USA in Gold Cup Semifinal Showdown

Desperate to show progress under Mauricio Pochettino, the United States is looking to secure a return to the CONCACAF Gold Cup final on Wednesday...
L. Arias
L. Arias
Reporter | The Tico Times |
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica