High Food Prices Propel Inflation Past 15%
Fed by high food costs, consumer prices in August rose 1.79 percent, adding to a 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 the 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
DIMEX required for vaccination, Costa Rica saysAlejandro Zúñiga - March 3, 2021
Costa Rica began administering coronavirus vaccines in December 2020, and the country hopes to inoculate its entire adult population. We've…
Campaign to help families, businesses in GuanacasteThe Tico Times - March 3, 2021
Costa Rican authorities this week relaunched a campaign to support businesses and provide meals to tourism employees who lost their…
24 travelers have been caught with falsified Covid tests: reportThe Tico Times - March 3, 2021
Twenty-four travelers have been penalized after presenting falsified coronavirus test results when trying to leave Costa Rica through Juan Santamaría International…