• Costa Rica Coffee Guide

High food prices propel Costa Rica inflation past 15%

August 29, 2008

 

Fed by high food costs, consumer prices in August rose 1.79 percent, adding to Costa Rica’s steady inflationary rate that during the past year has surpassed 15 percent.
 
Groceries and nonalcoholic beverages led the upward charge, rising 2.42 percent in August and 26.6 percent since last September, according to National Statistics and Census Institute (INEC).
 
Transportation costs rose 3.19 percent in August, bringing their 12-month increase to just over 19 percent, while entertainment and cultural events rose 2 percent last month.
 
The 15.4 percent increase in consumer prices between September 2007 and August was the largest for that period in more than 10 years.
 
Between September 2006 and August 2007, consumer prices rose 8.56 percent, according to INEC.
  
 

You may be interested

IMF loan ‘ultimately benefits all Costa Ricans,’ Alvarado says in interview
Costa Rica
1573 views
Costa Rica
1573 views

IMF loan ‘ultimately benefits all Costa Ricans,’ Alvarado says in interview

The Tico Times - March 2, 2021

The International Monetary Fund (IMF) on Monday approved a three-year, $1.78 billion loan to help stabilize Costa Rica's economy. Read: IMF…

This day in history: Pope John Paul II visits Costa Rica
A Look Back
2444 views
A Look Back
2444 views

This day in history: Pope John Paul II visits Costa Rica

The Tico Times - March 2, 2021

Tuesday is the 38th anniversary of Pope John Paul II’s visit to Costa Rica. As the first pope to visit the country,…

The compromises Costa Rica made with the IMF
Costa Rica
1090 views
Costa Rica
1090 views

The compromises Costa Rica made with the IMF

The Tico Times - March 2, 2021

Costa Rica will receive a three-year, $1.78 billion loan from the International Monetary Fund as part of the financial entity’s…