Costa Rica Coffee Guide

Cost of Living Continues Upward Pace

April 18, 2008

The consumer price index is up for the first quarter of the year by 2.25%, according to the National Statistics and Census Institute (INEC).

Food prices continued to soar. In March, the canasta básica, an index compiled from the average prices of 10 staple foods that are part of the consumer price index, rose 23.9% over March 2007.

The canasta básica per person per month last month was 26,974 colones (about $55). This continues the trend that the country has been seeing since at least 2004, when INEC began tracking the index (TT, Dec. 21).

The Spanish-language daily Al Día recently published a survey analyzing the average income needed by a family of four to meet basic living expenses. The newspaper calculated that to cover utilities, transport, food and mortgage payments, a family would need to bring in a minimum income of 447,788 colones (about $911).

But the average Costa Rican income is 259,722 colones ($529).

International price increases in commodities such as wheat, soy and rice, coupled with the surging price of oil, are factors that will continue to squeeze those struggling to live on average wages.

 

You may be interested

Chirripó National Park to reopen October 30
Costa Rica
1697 views
Costa Rica
1697 views

Chirripó National Park to reopen October 30

Alejandro Zúñiga - September 28, 2020

Chirripó National Park will reopen for tourists on October 30, the National System of Conservation Areas (SINAC) announced Monday. Visitors…

Costa Rica coronavirus updates for Monday, September 28
Costa Rica
5563 views
Costa Rica
5563 views

Costa Rica coronavirus updates for Monday, September 28

Alejandro Zúñiga - September 28, 2020

Costa Rica announced 49 new coronavirus-related deaths since Friday for a total of 861, according to official data released Monday…

SJO airport improvements delayed, report says
Costa Rica
6705 views
Costa Rica
6705 views

SJO airport improvements delayed, report says

Alejandro Zúñiga - September 28, 2020

The operator of Costa Rica's Juan Santamaría International Airport (SJO) will suspend planned improvements for several years due to the…