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

Internet Cut in Panama Near Costa Rica Border Amid Bocas del Toro Unrest

Panamanian authorities suspended internet and mobile phone services on Saturday in the Caribbean province of Bocas del Toro, following President José Raúl Mulino’s declaration...

Costa Rica’s President Chaves Accused of Illicit Campaign Financing

On Monday, Costa Rica’s Prosecutor’s Office formally accused President Rodrigo Chaves along with six high-ranking officials and pro-government legislators of allegedly engaging in illicit...

Costa Rica Joins U.S. Global Entry, Easing Travel for Tourists

Costa Rica took a big step forward, by officially joining the U.S. Global Entry program, a move set to make travel smoother for Costa...

Costa Rican Court Orders Release of Migrants Deported Under Trump Deal

A court on Tuesday ordered Costa Rican authorities to release foreign migrants who had been detained in a shelter after being deported under an...

Costa Rica’s Pride 2025 Closing Event Bans Minors, Sparks Outrage

Costa Rica’s Pride 2025 closing event, set for June 29 at San José’s Plaza de la Democracia, was thrown into controversy when the government...

Climate Change in Costa Rica Devastates Coffee Farms in Los Santos

In Costa Rica’s Los Santos region, famous for producing nearly half the country’s coffee, farmers are reeling from heavy losses driven by wild weather....
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica