Inflation For Last Six Months At All
Time Low
The cost of living in Costa Rica
increased by only 0.62% between
December and May, the lowest
increase in inflation in the last 32
years of keeping records.
For consumers that means that
spending today is almost as equal to
six months ago on the 292 items made
up of goods and services in the
consumer price index.
If the behavior of prices in the
past six months is maintained during
the next six months, the country
would enjoy an annual inflation of
just 1.2%, well below the average
growth in prices, around 10%, which
had the country has seen in the last
27 years.
The numbers of the price consumer
index were revealed by the Instituto
Nacional de Estadística y Censos (INEC).
However, the Banco Central de Costa
Rica (BCCR) - Central Bank -
estimates that the inflation for
2009 will be between 7% and 9%.
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