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Costa Rica hits a speed bump in fight against inflation

Tuesday, February 5, 2013

Costa Rican consumer prices rose 1.3 percent in January this year, compared to the same month last year, according to the country's statistics agency, known as INEC.

The main reason for price increases is rising costs of government-regulated services, mainly electricity and water.

The government is now planning a series of measures to slow down flows of capital, which have caused the local currency to go up by 1.2 percent this year, the highest in Central America.

Full story (in Spanish)