July 3rd, 2014 (InsideCostaRica.com) Costa Rica’s Consumer Price Index (CPI), which measures the overall rise in consumer prices, increased by 4.14% between January and June of this year, compared to an increase of 3.24% during the same period in 2013.
The National Institute of Statistics and Census (INEC) provided the data yesterday.
The increase in the CPI so far this year would seem to put the government’s goal of a total rise of 3% to 5% for the whole year at risk.
In June alone, the prices of goods and services increased 0.38%. If current trends continue, the CPI could increase to a yearly total of 6.42% to 8.28% – if not more – by the end of the year.
Some of the largest increases in prices have been seen in alcoholic beverages and cigarettes (6.49%), rental housing (6.43%), transportation (6.76%), and education (6.34%).
Certain foods have also seen significant price increases, such as potatoes (13.95%), onions (12.54%), tomatoes (7.95%) and beef (2.91%).
Gasoline has also seen six price hikes so far this year, for a total increase of around ¢150 per liter.