No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveInflation in 2004 Highest in Five Years

Inflation in 2004 Highest in Five Years

INFLATION of the colón in 2004totaled 13.13%, the highest yearly total inthe past five years, the National Statisticsand Census Institute (INEC) reportedTuesday.According to the state institute, oilproducts were most affected by high inflation,the price of which rose 35.89% comparedto the year before.Other factors that influenced the highinflation rate were electricity (16.9%),urban transport (10.3%), water bills(30.5%), and the prices of some basicproducts such as rice (8.9%).Since 2000, inflation has maintained arange from 9.68%-10.96%, but the rise inprices of oil products on an internationallevel affected inflation in 2004.

Trending Now

Guatemala Issues Orange Alert for Volcano Eruptions and Ashfall

Guatemalan officials issued public warnings today amid ongoing explosive eruptions at two major volcanoes, prompting heightened monitoring and safety measures across affected departments. Authorities...

Sargassum Buildup Grows on Costa Rica Northern Caribbean Coast

The Ministry of Environment and Energy (MINAE) has informed the public about the presence and increasing accumulation of sargassum along Costa Rica’s northern Caribbean...

Apple Sports Launches in Costa Rica as App Reaches 80 Countries Worldwide

Apple Sports is now available in Costa Rica after Apple expanded the iPhone app into 36 additional countries and territories across Latin America and...

El Salvador Beach Goes From Gang Stronghold to Tourist Getaway

Between waves and postcard sunsets, foreign tourists enjoy El Tunco beach in El Salvador, once overrun by gang members. They do not hold back...

Costa Rica Reaffirms Sport Hunting Is Illegal and Penalties Apply

Costa Rica’s ban on sport hunting is not new, and it is not something that “went into effect this week.” It has been law...

Panama Finalizes Supreme Court Ruling Scrapping Hutchison Ports Deal

Panama published the Supreme Court ruling that annuls the concession granted to a Hong Kong-based company to operate two ports at the entrances to...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica