The Central Bank of Costa Rica released the latest inflation findings for the 2009 year. It was projected that inflation would hover between 4% and 6% in 2009, however, according to the Central Bank the actual rate of inflation will be approximately 2.57% - marking the lowest growth in inflation in 37 years.
By way of comparison, inflation for 2008 was at 16.30%.
This has had broad impacts on almost all industries in Costa Rica. The exchange rate between the US$ and the Costa Rican Colon has gotten stronger (from a Costa Rican standpoint) the last three months. The global weakening of the dollar and fears of pending inflation in the United States, has increased the power of the Colon from approximately 590 colones/1$ 90 days ago, to approximately 570 colones/$1.