INEC Announces Inflation Rate for October
The National Statistics and Census Institute (INEC) announced this week the results of the consumer price index for the month of October to be 141.106, which represents an increase of .47% compared to September.
The inflation rate for January-October of 2010 is 4.36%, higher than it was for the same period last year when it reached 3.16%
The groups of the index that represented the greatest positive variation were food and nonalcoholic drinks at 1.08, alcoholic drinks and cigarettes at 2.82 and rent and housing services at 1.84.
The price of tomatoes increased by 21.07%, and the price of potatoes increased by 22.26%. The prices of gasoline and eggs decreased by 1.97% and 10.19%, respectively.
In a press conference this week, the Central Bank (BCCR) announced its methods of controlling the increasing inflation rate which include a program to accumulate reserves of foreign currencies. During the months of September and October the BCCR bought US$80 million.
You may be interested
Give green in Costa Rica: holiday gifts that will live on all yearEd Bernhardt - December 16, 2017
A warm holiday greeting from the garden to all our readers. Another year has come to an end, and it’s…
Honduran opposition protesters take to the streetsNoe Leiva / AFP - December 15, 2017
Supporters of the leftist opposition in Honduras blocked streets in various cities around that country on Friday, despite political repression,…
Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, CanadaGustavo Díaz Cruz - December 14, 2017
My mom named me Gustavo Adolfo. I was born in Puntarenas, next to the sea, but my home was in…