Inflation Goal Not
Likely
The president of the
Banco Central de Costa
Rica (BCCR) - Central
Bank - Francisco De
Paula Gutierrez,
admitted that the 8
percent inflation goal
that had been set for
this year is not likely
to be attained.
Rather, he added, it
will be closer to 9
percent.
However, Mr. Gutierrez
pointed out that
reducing and controlling
inflation remains the
major goal of the
monetary policy.
The hike in oil prices
and in the euro rate of
exchange are the leading
factors influencing
inflation in Costa Rica,
according to analysts.
They added the increases
in the prices of food,
wheat (bread), corn, and
eggs among other
important factors that
influence inflation. In
spite of everything,
according to Gutierrez,
the economy is doing
well, with solid
improvement, among other
factors.
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