Costa Living On The
Increase
The cost of living in
Costa Rica between
January and November was
pegged at 8.98%,
slightly higher that the
projected 8% by the
Banco Central de Costa
Rica (BCCR) - Central
Bank.
According to information
contained in report
revealed Tuesdat by the
Instituto de
Estadísticas y Censos (INEC),
the November index grew
1.24% over October, due
mainly to higher prices
in basic foods like
eggs, tomatoes and
beans.
Higher airfares and
non-alcoholic beverages
contributed to the rise.
INEC says in the report
that 292 goods and
services comprise the
basic consumer basket
used to measure the cost
of living, which saw 74%
of items increase in
prices, while only 18%
saw a drop.
2006 closed with an
inflation rate of 9.42%.
The president of the
Central Bank, Francisco
de Paula Gutiérrez,
acknowledged that the
inflation rate will be
higher than 8%
projected, more likely
to be at 9% at the close
of the year. |
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