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For retirement planning, does anyone know the approximate annual inflation rate in Costa Rica? Any info will be appreciated.
If you speak Spanish you can get all the information you need from the Banco Central de Costa Rica
But if you are earning dollars which has slid a huge amount against most major currencies, then the inflation rate for the Costa Rica colones won’t have much of an impact on you.
Scott Oliver – Founder
WeLoveCostaRica.comYour reply is a little confusing Scott. Maybe I’m interpreting it wrongly. If one is earning dollars and the colon holds its value against the dollar, as it has for the past 12 months, the inflation rate in colones is the real thing, currently around 9%. One needs to make at least 9% on their US dollars just to keep up with inflation. If the dollar falls against the colon, then it’s even worse. They need to make a higher return to keep up with the inflation.
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