Accumulated inflation for 2012 is estimated to be 2.96 percent

Chart shows the accumulated inflation from the previous 12 months for quarters of the year from January 2010. Source is the data base of the Banco Central de Costa Rica

Inflation was less than a tenth of 1 percent in the month of September, according to information from the Instituto Nacional de Estadística y Censos and the Banco Central de Costa Rica.

The accumulated inflation for the year ending Sept. 30 was computed to be 4.46 percent.

The percentage for this September was 0.07 percent.

This number will be a factor when private employee groups meet with employers and the national salary commission beginning Oct. 16 to negotiate the raise in the minimum salaries that will go into effect Jan. 1
The inflation for this September is greater than that for September 2010 when the percentage was a minus 0.15 and for September 2011 when the number was minus 0.08 percent.

So far this year from Jan. 1 the accumulated inflation is 2.96 percent, said the INS Valores Puesto de Bolsa, S.A., which keeps track of the economic situation. That is lower than the 3.23 percent of the same period in 2011, it noted. The index is based on 292 goods and services. Of these 49 percent showed an increase and 39 percent showed a decrease, said Puesto de Bolsa.

The Banco Central said a survey estimated that 2012 would close the year with an inflation rate of 5.7 percent. Higher utility and fuel charges are likely to add to the increase.

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