Sunday 25 July 2021

Costa Rica Still Has Zero Inflation

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In May there was slight monthly increase of 0.19% in the consumer price index, however, inflation in the last twelve months was -0.43%.
In May there was slight monthly increase of 0.19% in the consumer price index, however, inflation in the last twelve months was -0.43%.

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 basket, 42% increased in price, 46% decreased and 12% remained the same.

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“The level of the overall index in May 2016 is 99,142, while in the previous month it was 98,950, on the other hand, the groups with the greatest contribution to the CPI in May 2016 were transport and education.

When analyzing the percentage changes of the twelve groups that comprise the index, it can be seen that the transport group is having a major effect on the variation of the general index.

In the last five years (2012 to 2016) the highest cumulative percentage change from January to May of 2014 was 3.75%.

When analyzing the interannual variation percentage up to May of the last ten years, it can be seen that the highest occurred in 2008 with 11.90%; while in that of 2016 was the only negative interannual variation with -0.43% recorded. ”

Source: Centralamericandata.com

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Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

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