Costa Rica inflation continues to slow in February

February 27, 2009

Prices of basic goods and services during January and February combined rose by 0.82 percent, slowing by 1.85 percent from 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 groups 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 their prices 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.

Facebook Comments

You may be interested

Buchón cantina: Spritz cocktails to dine for
Dining and Nightlife
571 views
Dining and Nightlife
571 views

Buchón cantina: Spritz cocktails to dine for

Natalia Díaz - October 18, 2018

Buchón was the first place I tasted the Aperol Spritz, months before it became fashionable around San José. In fact,…

Tico Times Shade: What does ‘middle class’ mean in Costa Rica?
Tico Times Shade
1897 views
Tico Times Shade
1897 views

Tico Times Shade: What does ‘middle class’ mean in Costa Rica?

Alejandro Zúñiga - October 18, 2018

It’s not often The Tico Times writes an explainer about basic Costa Rican daily living that’s equally surprising to a…

Costa Rica grants asylum to Nicaraguan activist Alvaro Leiva
News
705 views
News
705 views

Costa Rica grants asylum to Nicaraguan activist Alvaro Leiva

AFP - October 18, 2018

Costa Rica granted the Nicaraguan human rights activist Alvaro Leiva political asylum last week. Leiva is the secretary of the…