Inflation Loses Momentum
Several indicators show that inflation in Costa Rica is de-accelerating.

According to economists Felix Delgado and Luis Mesalles, this trend is prompted by the fact that oil prices tended to stability in the latter part of 2005.

They explained that the current situation is that prices continue increasing, but at slower rate than they did before. In January, the index increased 1.17 percent.

Delgado pointed out that if oil prices do not undergo upward flares, like they did last year, inflation will be lower in 2006 than in 2005, when it surpassed 14 percent.

The Central Bank had set an 11 percent inflation as the goal for this year; however, president Francisco Gutierrez chose to analyze the current data before making any statements on the behavior of inflation.