Friday 26 February 2021

Costa Rica among the Latin countries where inflation fell the most during the pandemic

Two nations in the region recorded falls of more than two percentage points

QCOSTARICA – Costa Rica, along with Nicaragua, are the countries where inflation fell the most in Latin America, with a decrease of more than two percentage points compared to September 2019 with the same month this year, considering the pandemic factor.

This was revealed by the study “Preliminary Balance of the Economies of Latin America and the Caribbean 2020“, prepared by the United Nations Economic Commission for Latin America and the Caribbean, known as ECLAC or in Spanish and Portuguese CEPAL.

- Advertisement -

Our country ranks fifth among the nations with the least inflation, having the second most significant drop in this economic factor.

In the region, the country with the lowest inflation is Panama (-2.4%), while Uruguay has the highest (9.9%).

Countries with chronic or hyperinflation are excluded, such as Argentina and Venezuela, the latter with values ​​close to 2,000%.

In the first nine months of 2020, the year-on-year inflation rate fell in most of the economies of Latin America and the Caribbean, says ECLAC.

- Advertisement -

This reflects the strong contraction that aggregate demand has experienced and opens the space to maintain expansionary monetary policies.

The lower the inflation rate in a country, as in Costa Rica, the more value money has to purchase products and services.

RANKING

Latin American countries with lower inflation (figures in percentages):

  1. 1. Panama (-2.4)
  2. Ecuador (-0.9)
  3. Cuba (-0.3)
  4. El Salvador (-0.3)
  5. Costa Rica (0.3)

Sources: La Republica; ECLAC

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Central Bank foresees economic growth of 2.6% this year

QCOSTARICA - The Costa Rican economy will grow 2.6% this year,...

Central Bank forecasts inflation below 2% in the next two years

QCOSTARICA - Costa Rica's Central Bank forecasts continue to show that...

MOST READ

Costa Rica urges the Americas to become the first region in the world free of child labor

Q REPORTS - On Thursday, February 11, through a virtual broadcast, Costa Rica encouraged the region to join efforts to end the deprivation of...

Costa Rica extends restrictions of its land borders until April 1

QCOSTARICA - Costa Rica will extend the restrictions of its land borders until April 1, confirmed Casa Presidencial (Government House) on Thursday. As in the...

‘Bye’ to the weekend license plate restrictions

QCOSTARICA - The nighttime vehicle restrictions starting on March 1 will be from 11:00 pm and not 10:00 pm as this month, and on...

Passengers will be able to make purchases from their cell phone in stores at SJO

QCOSTARICA - Passengers passing through the Juan Santamaría International Airport, or San Jose airport (SJO), will have a more agile and secure shopping option...

CNE: 19 cantons maintain a high risk of contagion

QCOSTARICA - In total, 19 cantons in six provinces maintain a high risk of contagion by COVID-19, according to the last update from the...

Almost a million people over 58 must be vaccinated against covid-19

QCOSTARICA - Almost a million people aged 58 and over, throughout the country, are targeted by the Caja's health centers to be vaccinated against...

MOPT plans to collect tolls on the Cañas-Liberia highway

QCOSTARICA - Driving the 50-kilometer concrete highway between Cañas-Liberia, inaugurated five years ago and already showing signs of deterioration, is now free of tolls. But...

Legislator criticizes “spectacle” of the Government with vaccines: It is ridiculous to have the President on the airport runway

QCOSTARICA - Legislator Ricardo Benavides lashed out on Tuesday that in the midst of the efforts to advance with the covid-19 vaccines the Government...

Costa Rica confirms presence of coronavirus variants emerged in UK and South Africa

QCOSTARICA - Costa Rica already reports variants of SARS-CoV-2, the virus that causes covid-19 that emerged in the United Kingdom and South Africa and...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.