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Costa Rica's annual inflation hits 10-year high
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15:35, October 03, 2008

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Costa Rica's accumulated inflation between September 2007 and September 2008 reached 15.77 percent, the highest year-on-year figure for the last 10 years, the National Institute of Statistics and Census (INEC) said on Thursday.

In the first nine months of this year, the inflation rate reached 11.83 percent, with the Central Bank of Costa Rica forecasting that it would reach 14.2 percent at the end of the year.

Figures showed that the Consumer Price Index (CPI), by which inflation is measured in the country, rose 0.95 percent in September compared with August, with prices for 68 percent of the commodities rising in the month, including food and non-alcoholic drinks.

Source:Xinhua



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