IMF Warn on Inflation
Policies
Officials of the
International Monetary Fund (IMF)
visited Costa Rica and warned
local authorities about policies
that automatically affect
inflation.
Among them, they
pointed out the monetary policy
and the increases of fares and
of wages based on inflation. The
policy of daily
mini-devaluations, for example,
affects the price of imported
goods, they pointed out.
Also,
they said that the wage raises
based on inflation affect the
costs of companies and bring
more pressure to bear on prices.
Central Bank president Francisco
Gutierrez said that the IMF
delegates found that most
variables in Costa Rican economy
are on the positive side,
excepting inflation, mainly.
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