Costa Rica Coffee Guide

Prices continue to inflate, squeeze Costa Rican consumer

August 1, 2008

Costa Ricans continue to bow under rising consumer prices as inflation reached 8.83 percent at the end of July, compared to 5.62 percent the same period last year, according to the National Statistics and Census Institute (INEC).

 

With prices rising at such a clip, the Central Bank’s year-end inflation goal of 14 percent, revised last week from its original 8 percent, could be far from reach.

 

According to INEC, the price of basic goods and services rose by 2.14 percent in July alone. That bumps inflation year to date to 8.83 percent, and year-on-year inflation (July 2007 to July6 2008) to 14.17 percent.

 

Of the 292 items INEC measures as part of its “basic basket” of goods and services, 75 percent increased in price and 17 percent dropped.

 

Transportation, food and beverages were the areas that saw the biggest jumps. Rising prices at the pump and at car dealerships pushed transportation costs, while milk increased even more for dairy lovers.

 

Among those items that fell in price were tomatoes, eggs and cilantro.

 

At the end of June 2008, Costa Rica placed eighth among Latin American countries for semester-end inflation, at 6.55 percent. Venezuela topped the list at 15.1 percent and Mexico saw the least inflation at 2.03 percent.

You may be interested

Costa Rica coronavirus data for July 9, 2020
Costa Rica
21252 views
Costa Rica
21252 views

Costa Rica coronavirus data for July 9, 2020

Alejandro Zúñiga - July 9, 2020

Costa Rica confirmed 649 new cases of the coronavirus over the past day, totaling 6,485 cumulative known cases, the Health…

Costa Rica previews new tower at Calderón Guardia Hospital
Costa Rica
7559 views
Costa Rica
7559 views

Costa Rica previews new tower at Calderón Guardia Hospital

Alejandro Zúñiga - July 9, 2020

Costa Rican authorities on Thursday previewed a new tower at Calderón Guardia Hospital in San José, which could be used…

News briefs: Costa Rica will handle land borders differently than airports
Costa Rica
4728 views
Costa Rica
4728 views

News briefs: Costa Rica will handle land borders differently than airports

Alejandro Zúñiga - July 9, 2020

The coronavirus crisis has transformed life in Costa Rica, which has enacted measures to protect the capacity of its health…