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Costa Rica Reports Lower Inflation During February

In the second month of the year, the year-on-year change in the Consumer Price Index (CPI) was 1.5%, below the 2.2% increase recorded in February 2018. During February, the goods and services with the greatest positive effect were: automobile, primary education and junior high school....

Costa Rica: 1.7% Inflation up to January 2019

The consumer price index did not show any major changes in January 2019, as it barely varied by 0.05% with respect to December 2018, mainly because of the Transport and Education prices. Of the 315 goods and services included in the 'canasta basica' (basic consumption...

Costa Rica Unemployment Rises to 10.3%

The unemployed population with respect to the labor force increased 1.2%, going from 9.1% in the first quarter of 2017, to 10.3% in the first quarter of 2018. The employment rate was 51.8%, while in the same period last year it was 54%. The...

Costa Rica Inflation 2.6% YOY as of March 2018

In March, the Consumer Price Index (CPI) recorded a monthly variation of 0.59%, mainly explained by the prices of Entertainment and culture sector, and meals outside the home, , the group having a higher effect on the variation of the general index. From a report...

90% of Companies in Costa Rica Employ 30 Or Less

According to a directory published by the Instituto Nacional de Estadística y Censos (INEC) - National Institute of Statistics and Census,  in 2017, there were some 37,000 companies in the country The majority of them are small and have few employees, according to the results...

Costa Rica Home Internet Penetration up 8% to 65% in 2016

Residential internet penetration in Costa Rica rose 8% year on year to 65%of the country’s homes last year, according to a report from the National Statistics and Census Institute (INEC). The penetration rate increased in spite of a 4% decline in the number of homes...

Costa Rica Closes Out 2016 with the Lowest Poverty Rate in Seven Years

(Q COSTA RICA) Costa Rica closes out 2016 with the lowest poverty in seven years, according to data from the National Institute of Statistics and Censuses (INEC). More than 10,000 households rose about the poverty line, and 10,000 left what is considered extreme poverty, according to...

Labour Participation Still Falling in Costa Rica

(QCOSTARICA) In the third quarter the national net labour participation rate fell by 3% compared to the same period in 2015. From a statement issued by the National Institute of Statistics and Census (INEC) of the results of Continuous Employment Survey III quarter 2016: Informal...

No Drop In Unemployment in Costa Rica

QCOSTARICA - The unemployment rate in Costa Rica in the fourth quarter of 2015 stood at 9.6%, slightly lower than the 9.7% in the same period the previous year, reports the National Institute of Statistics and Census (Nacional de Estadística y Censos (INEC). Though there...

Strong Slowdown in Inflation

(QCOSTARICA) In June, the CPI showed a variation of 0.43%, placing inflation in the last twelve months at 1.02%, well below the 4.59% of a year ago. From a statement issued by the National Institute of Statistics and Census (Instituto Nacional de Estadística y Censos...

Unemployment Rose to 9.7% in Fourth Quarter of 2014

COSTA RICA NEWS - Unemployment rose during the last three months of 2014, the jobless rate reaching 9.7%, representing an increase of 1.14% compared to the same period in 2013, when it was 8.3%, according to the National Institute of Statistics and Census (Spanish:...

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