Inflation Target
Even though the Central
Bank had targeted on 9%
as the overall inflation
for Costa Rica in 2008,
now the increase in the
prices of food and
recession in the United
States has ruined all
forecasts.
However, bank chairman
Francisco Gutierrez
pointed out that the
country’s economy is
performing well under
the circumstances and
that in this year’s
first quarter it had the
fifth lowest inflation
in Latin America and the
lowest in Central
America.
He admitted that,
evidently, attaining the
earlier goal is going to
be tough, but that all
efforts will be made to
get as close to it as
possible. |
