• Costa Rica Coffee Guide

Central Bank Ups Inflation Outlook to 14%

August 1, 2008

Pointing to “external shocks” and an increase in the colón-dollar exchange rate, the Central Bank revised its projections for year-end inflation, moving its target from 8 percent to 14 percent.

The rising prices of imported goods, such as basic grains and petroleum, were directly linked to spiking prices in the first half of the year, according to the Central Bank.

While exports grew by 6.5 percent in the first half of 2008 compared to the same period last year, they could not keep pace with a 28.3 percent increase in imports.

 

You may be interested

Slothy Sunday: End your February with a sloth
Sloth Sundays
2535 views
Sloth Sundays
2535 views

Slothy Sunday: End your February with a sloth

The Tico Times - February 28, 2021

Happy Slothy Sunday from Costa Rica! We hope you enjoy the rest of your weekend, and the end of February…

How can I immigrate to Costa Rica?
Business
71 views
Business
71 views

How can I immigrate to Costa Rica?

Lic. Jorge Montero B. - February 28, 2021

Back in September 2016, when we lived in a completely different social environment, not yet affected by the global pandemic,…

Central America begins ban to protect lobster
Fishing
1706 views
Fishing
1706 views

Central America begins ban to protect lobster

AFP and The Tico Times - February 27, 2021

Countries of Central America and the Dominican Republic on Monday will begin a ban to protect the Caribbean spiny lobster…