According to the Economist magazine’s “Big Mac Index” the Colon appears to be very close to it’s true value (relative to $US). In San Jose (the capital of Costa Rica) the “Big Mac” costs 2,000 colones, or $3.43 at an exchange rate of 583. In the United States the price is around $3.57. Six months ago 1 $US was worth 550 colons, but the devaluations brought the colon much closer to it’s correct value. Read more »
It’s time for the monthly price adjustment. The price regulating authority confirmed that all gas prices are going up this time.
Diesel will cost 62 colones more (11 cents more). Regular gasoline will cost 79 colones more (14 cents more), and super will go up 78 colones (14 cents).
The new prices will take effect after the resolution is published in the official newspaper (La Gaceta).
Instituto Nacional de Estadistica y Censos (INEC) just released the numbers for June of 2009. The numbers are saying that the Costa Rican inflation rate for June was a measly 0.17%, bringing the year’s (up to the end of June) accumulated inflation to 1.21%. In the first 6 months of 2008, the number was 6.55%. Read more »
Autoridad Reguladora de los Servicios Públicos (Aresep) approved another price drop.
The price will go down by ¢32 colones for diesel, ¢39 for regular and ¢32 for super.
Once the new prices are published in La Gaceta, the official government publication, the following prices take effect: a litre of super gasoline will cost ¢452 (currently ¢484), regular ¢435 (now ¢474), and diesel ¢354 (now ¢386).
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July 17, 2009 3:18 pm
Finances, News
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