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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...

Is authoritarianism bad for the economy? Ask Venezuela

Democracy is at risk worldwide. And the economy may be, too. Seventy-one out of the world’s 195 countries saw their democratic institutions erode in recent years, according to the 2018 year-end report by democracy watchdog Freedom House, a phenomenon known as “democratic backsliding.” Signs of...

Could Costa Rica go the same way of Argentina?

Argentina is in crisis. The fiscal deficit experienced by the country, added to inflation and the devaluation of the currency versus the US dollar has the country on the edge of another possible economic debacle. What is happening in Argentina, a country with the third...

Venezuela: One of the Worst Cases of Hyperinflation in Human History

Venezuela, the country with the lowest wages in the region and an unprecedented humanitarian crisis, has broken the record for the highest inflation in the Americas, to such an extent that by 2019 hyperinflation will reach the astounding figure of 10,000,000%. This is due,...

Argentina’s Unions Begin National Strikes Against Macri’s Austerity

The Argentine Workers' Central Union, widely known as the CTA organized a 36-hour strike across the country starting Monday, the second strike Argentina has faced within a month. Previously, on Sept.12, public sector employees and employees from educational institutions walked out of their jobs to protest the...

Venezuela: Surviving in the Country with the Worst Hyperinflation in History

How do you survive in a country where inflation can reach 1,000,000%? That is the current situation in Venezuela, the country with the largest oil reserves on the planet, but which became one of the poorest in the world thanks to the arrival of...

Costa Rica Year-on-Year Inflation up to June 2018 is 2%

In June, the CPI registered a monthly variation of 0.18%, mainly explained by prices registered in the Transport and Communications sectors. From a report by the National Institute of Statistics and Census of Costa Rica: Of the 315 goods and services that make up 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...

Inflation-Hit Venezuela Introduces New Highest-Denomination Banknote

Venezuela will put on Wednesday a new highest-denomination 100,000 bolivar bill worth only US$0.50 into circulation, the country’s Communication and Information Ministry said. The introduction of a new banknote takes place amid the out-of-control inflation in the country, which led to a severe cash shortage. In 2016, a 100-bolivar...

As Others See Us

Q OPINION - The world is especially turbulent this month. There is a potential war in Korea and real ones in the middle east, Afghanistan, the Philippines and Africa. Venezuela is in turmoil. An unpredictable and combative US president and his revolving door of...

Costa Rica YoY Inflation to June 2017 is 1.77%

Q COSTA RICA - In June the consumer price index (CPI) rose by 0.08%, with accumulated inflation in the year being 1.01% and the year-on-year figure 1.77%. From a report by the National Institute of Statistics and Censuses of Costa Rica: The groups with the highest...

Costa Rica’s Inflation Rose In February

Q COSTA RICA - Costa Rica's annual inflation fo February 2017 was 1.09%, the consumer price index showingd a monthly variation of 0.40% and an accumulated inflation of 0.97% so far this year. The groups with the greatest contribution to the CPI in February 2017...

Inflation in Venezuela in 2016 estimated at 404%

Torino Capital argues, however, that “whether Venezuela was in hyperinflation last year is of course a different question of whether it will eventually end up in one”TODAY VENEZUELA – Economists of think tank Torino Capital affirm that Venezuela did not show any hyperinflation process...

Colombia Eases Inflation in 2016 but Level Still Worrying at 5.75%

Colombian PesoTODAY COLOMBIA – Colombia’s National Administrative Department of Statistics (DANE), reported that inflation clocked in at 5.75% during 2016, a slight decrease compared to 2015, when the figure was 6.77%. Like many emerging market economies, Colombia has struggled to balance economic growth and...

Costa Rica Inflation Below 1%

In August the Consumer Price Index (CPI) recorded a monthly variation of 0.03%, putting annual inflation at 0.60%, and inflation accumulated so far this year at 0.97%. The groups with the greatest contribution to the CPI in August 2016 were: Rent and housing services and...

Costa Rica’s Banana and Pineapple Producers Thinking of Leaving

Costa Rica's banana and pineapple producers are exploring leaving the country for cheaper production destinations such as Colombia, says the Camara de Exportadores -  the Chamber of Exporters - (Cadexco). The companies, all internationals, feel Costa Rica has become too expensive relative to other economies. "We...

Costa Rica Still Has Zero Inflation

QCOSTARICA - Despite the slight monthly increase of 0.19% in the consumer price index in May, inflation in the last twelve months was -0.43%. The National Institute of Statistics (INEC) reported that in May 2016, of the 315 goods and services included in the consumer...

Costa Rica Annual Inflation to April 2016 is -0.92%

QCOSTARICA - In April, the consumer price index fell by 0.09%, putting annual inflation at 0.92%, and inflation accumulated so far this year stands at -0.17%. The groups with the greatest contribution to the CPI in April 2016 were: Transport and Furnishings, housing and domestic...

Costa Rica Annual Inflation to March 2016 -1.09%

QCOSTARICA - Following the trend of the last five months, in March the Consumer Price Index (CPI) fell by 0.91%, putting annual inflation at -1.09%, and inflation accumulated so far this year at -0.26%. The groups with the greatest contribution to the CPI in March...

New Law Proposes Cap of 10% On Housing Rent Increases

QCOSTARICA - Thursday afternoon legislators approved in first debate the bill to limit to inflation the annual increase in housing rents. The initiative is still pending approval in second debate, which will occur after the Semana Santa recess. Under the new law, if approved, that...

Costa Rica: Annual Inflation up to March 3.05%

QCOSTARICA - A slight slowdown was seen compared with the data for February, inflation in the last twelve months was 3.05%, a monthly variation of 0.15% was recorded in March. From a statement issued by the National Institute of Statistics and Census of Costa Rica: Consumer...

The Most Miserable Countries In The World. Where Does Costa Rica Stand?

QCCOSTARICA - A report by the Cato Institute reveals that Honduras and Costa Rica are the countries with the highest rates of poverty in Central America and in the region. In South America, the most miserable countries at the end of 2014 are  Venezuela...

Economists Predict Increases In Exchange Rate Will Trigger Inflation

Increases in the price of fuel, electricity, local production and imported goods caused by the changes in the exchange will cause inflation to skyrocket in the coming months, is the belief of financial experts who are keeping a close eye on the actions of...

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