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inflation

Inflation in Venezuela in 2016 estimated at 404%

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 in 2016, putting the inflation index at 404%. “Venezuela is […]

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

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

Colombian Peso TODAY 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 inflation. The lowest annual inflation occurred in the clothing sector […]

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 entertainment and culture. In August 2016, of the 315 goods […]

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 just want then to let us work,” said Laura […]

Costa Rica Annual Inflation to April 2016 is -0.92%

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 services. In April 2016, of the 315 goods and services […]

Costa Rica Annual Inflation to March 2016 -1.09%

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 2016 were: ttransport, food and non-alcoholic beverages. In March 2016, […]

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 applies to all residential housing, if there is no agreement […]

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

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 and Argentina. To prepare the report, Cato sums up figures such […]

Economists Predict Increases In Exchange Rate Will Trigger Inflation

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 the Central Bank. “It’s very difficult for the Banco Central de […]