• Costa Rica Coffee Guide

Inflation Continues Apace – 0.57% in October

November 9, 2007

Inflation for the month of October registered 0.57%, slightly lower than in the previous month. But that’s not low enough.

With 7.65% accumulated inflation for the year, Central Bank President Francisco de Paula Gutiérrez has said that the goal of annual inflation below 8% will likely not be met.

In a speech before the Chamber of Banks, Gutiérrez blamed high food and fuel prices – mostly on imports – for the missed goal, according to the daily La Nación.

“These factors are exogenous to monetary policy, where the Central Bank can’t do anything,” Guitiérrez said.

Inter-annual inflation (that is, inflation accumulated during the past 12-month period) has reached 9.84%.

 

You may be interested

Anti-graft investigator flees Guatemala to ‘safeguard his life’
Guatemala
1 views
Guatemala
1 views

Anti-graft investigator flees Guatemala to ‘safeguard his life’

AFP - July 25, 2021

Guatemala's top anti-graft investigator, Juan Francisco Sandoval, fled the country Saturday to "safeguard his life," hours after he was sacked…

Costa Rica celebrates Guanacaste Day (Annexation of Nicoya)
Costa Rica
5605 views
Costa Rica
5605 views

Costa Rica celebrates Guanacaste Day (Annexation of Nicoya)

Zach Dyer and Roy Arguedas - July 25, 2021

This story was first published in 2013. Costa Rica this year has moved the day off for Guanacaste Day to…

Slothy Sunday: Sloths and selfies
Sloth Sundays
199 views
Sloth Sundays
199 views

Slothy Sunday: Sloths and selfies

Jillian Vander Vinne / Toucan Rescue Ranch - July 25, 2021

From a very young age, I loved animals, a fascination to an almost obsessive degree. I grew up surrounded by…

The Tico Times | Top Costa Rica News, Travel, Culture and Sports