Inflation in Costa Rica to End Year at Lowest Level in Four Years


A 2013 report shows further acceleration of economic activity and fewer inflationary pressures, said Rodrigo Bolaños, President of Banco Central de Costa Rica (BCCR). Bolaños participated in a conference organized by the Chamber of Banks and Financial Institutions of Costa Rica. According to the chief, the variation in prices hover around 4% and if consistent till year end, would be ... Read More »

Basic Passive Rate Lowest in Last 5 Years


The basic passive rate (TBP) will come down to 6.55% on November 14, 2013. According to data released by the Central Bank of Costa Rica, the rate has been fluctuating between 6.60% and 6.55%, from October 12 this year. The basic rate is used as a guide for most colones loans granted by financial institutions, and is calculated based on ... Read More »

World Bank Report Equated Costa Rica’s Strong Growth to CAFTA


Three out of four Costa Rican companies claim that the Free Trade Agreement with the United States (CAFTA) has affected Costa Rica positively, according to data from a World Bank study. According to the study, the positive effects for these companies have been reflected primarily in increased exports, lower production costs and expanding market. Costa Rica has become responsible for ... Read More »

Inflation still Growing but Slowing


The October Consumer Price Index (CPI) resumed the downward trend that started in July based on the information provided by the National Institute of Statistics and Census (INEC). In Oct. 2013, the inflation recorded a variation of 4.11%, the lowest of the year. In September, the annual growth was 5.37%. The change only the month of October was -0.76%. Earlier ... Read More »

Costa Rica Business Confidence Fell 2% Last Quarter of 2013


Business confidence fell 2% during the last quarter of 2013 when compared with the same period last year, reflecting a stagnant productive sector in the country since mid-2012. The data comes from the last survey “Business Pulse” by the Costa Rican Union of Chambers and Associations of Private Enterprises (Uccaep) and presented the November 8th. According to the survey, for ... Read More »