Costa Rica’s 2008 inflation hits 13.9 percent
Costa Rica ended 2008 with an inflation rate of 13.9 percent, significantly more than 2007´s 10.81 percent inflation, the National Statistics and Census Institute (INEC) reports.
Bucking an almost yearlong trend, however, December´s price index dipped 0.42 percent below November´s, owing to several drops in fuel costs.
All told, food and non-alcoholic beverages were the main drivers behind 2008´s inflation, registering prices 22.8 percent over those registered in 2007.
Inflation for the year settled just a hair below the Central Bank´s prediction in August that inflation would reach 14 percent.
You may be interested
Response to disaster: aid successes, struggles in post-Maria Puerto RicoJohn McPhaul - December 13, 2017
As Costa Rica joins many other nations in looking back upon the horrendous 2017 hurricane season, longtime Tico Times contributor…
Looking back at Hurricane Maria: the initial impactJohn McPhaul - December 12, 2017
As Costa Rica joins many other nations in looking back upon the devastating 2017 hurricane season, longtime Tico Times contributor…