Costa Rica's Annual
Inflation Hits 10 Year
High
Costa Rica's accumulated
inflation between
September 2007 and
September 2008 reached
15.77%, the highest
year-on-year figure for
the last 10 years, the
Instituto Nacional de
Estadística y Censos (INEC)
- National Institute of
Statistics and Census
-said on Thursday.
In the first nine months
of this year, the
inflation rate reached
11.83%, with the Banco
Central de Costa Rica (BCCR)
- Central Bank -
forecasting that it
would reach 14.2% at the
end of the year.
Figures showed that the
Índice de Precios al
Consumidor (Consumer
Price Index), by which
inflation is measured in
the country, rose 0.95$
in September compared
with August, with prices
for 68 percent of the
commodities rising in
the month, including
food and non-alcoholic
drinks.
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