Inflation Continues Apace – 0.57% in October

November 9, 2007

Inflation for the month of October registered 0.57%, slightly lower than in the previous month. But that’s not low enough.

With 7.65% accumulated inflation for the year, Central Bank President Francisco de Paula Gutiérrez has said that the goal of annual inflation below 8% will likely not be met.

In a speech before the Chamber of Banks, Gutiérrez blamed high food and fuel prices – mostly on imports – for the missed goal, according to the daily La Nación.

“These factors are exogenous to monetary policy, where the Central Bank can’t do anything,” Guitiérrez said.

Inter-annual inflation (that is, inflation accumulated during the past 12-month period) has reached 9.84%.

 

You may be interested

Looking back at Hurricane Maria: the initial impact
Weather
1164 views
Weather
1164 views

Looking back at Hurricane Maria: the initial impact

John McPhaul - December 12, 2017

As Costa Rica joins many other nations in looking back upon the devastating 2017 hurricane season, longtime Tico Times contributor…

Cold front claims fourth victim in Costa Rica
Weather
3652 views
Weather
3652 views

Cold front claims fourth victim in Costa Rica

Katherine Stanley - December 12, 2017

High winds claimed the life of a fourth victim in Costa Rica as the cold front that has been moving…

With Keylor Navas battling injuries, Real Madrid eyes January swoop for Bilbao goalie
Keylor Navas
858 views
Keylor Navas
858 views

With Keylor Navas battling injuries, Real Madrid eyes January swoop for Bilbao goalie

AFP - December 11, 2017

Real Madrid's first foray into the January transfer market will be to snap up Athletic Bilbao's promising goalkeeper Kepa Arrizabalaga,…