Thursday 23 September 2021

Price Increases In Foods And Soft Drinks For January Highest in Four Years

Paying the bills


Conditions worsen for Haitian migrants on US-Mexico border

Q24N - Conditions are deteriorating in a camp on...

Costa Rica, Panama and Dominican Republic seek a solution for Haiti

QCOSTARICA - Costa Rica President Carlos Alvarado, Luis Abinader...

Mexico finds a Latin American ally in Venezuela’s Maduro

Q24N - The recent summit of the Community of...

Today’s Vehicle Restriction September 23: Plates ending in “7 & 8” CANNOT circulate

QCOSTARICA - For today, Thursday, September 23, vehicles with...

Carlos Alvarado denounces violations of the Daniel Ortega regime to the UN

QCOSTARICA - In New York, Costa Rica President Carlos...
Paying the bills


costa-rica-fruits-vegetablesQCOSTARICA – Prices of food and soft drinks reported last month, had the biggest price increase in the last four years.

The cost of these products rose by 7.33% in January, compared to the same period in 2014, according to the Consumer Price Inces (Spanish: índice de precios al consumidor or IPC), released yesterday by the National Institute of Statistics and Censuses (INEC).

This is the biggest increase since March 2011, when the index for the group of products reached 7.82%.

- Advertisement -

Despite the increase, the overall inflation in Costa Rica in the last 12 months was 4.39%, within the range of 3% to 5% expected by the Central Bank.

Responsible for the rising prices in the food group and soft drinks were fruits and vegetables. According to the INEC, the price of fruits increased 20.7% and vegetables, 15.4%.

The Agricultural sector blames climactic factors. “We have had droughts in some parts of the country. Then, downpours and hail in other areas. And in recent weeks, strong wind gusts that have affected crops in upland regions,” said Guido Vargas, secretary general of the Union of Small and Medium National Farmers (Upanacional).

Juan Rafael Lizano, President of the National Chamber of Agriculture and Agribusiness, emphasized that the lower supply of agricultural products immediately gave rise to prices.

Mario Montero, executive director of the Costa Rican Chamber of Food Industry, said that although the cost of some raw materials fell, prices of products made in the country did not.


- Advertisement -

- Advertisement -
Paying the bills
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.