Monday 21 June 2021

The Casado Index Confirms Expensive To Eat in Costa Rica

It’s official: Feeding a family in Costa Rica has become an uphill economical challenge; and the incline is bound to get steeper.

800px-Casado_TicoAccording to the Statistics and Census Institute (Spanish acronym: INEC), consumers in the most expensive Central American nation were hit with sticker shock in September as they visited supermarkets and pulperias (corner convenience stores).

Similar to the Big Mac Index published by respected financial news media publication The Economist, the INEC calculates a Casado Index. Next to gallopinto, casado is one of the most popular nutrition staples of Costa Rica.

- Advertisement -

This simple, yet delicious, meal that typically consists of rice, beans, fresh salad, a produce-based stew (picadillo), and a choice of beef, fish, chicken, or pork. The Casado Index went up by 0.51 percent in September, and this in turn elevated the cost of basic goods by 0.027 percent.

Not since the flash inflationary period of early 2009 has Costa Rica seen such high prices in the casado ingredients. It is not just the Casado Index that is on the rise, either; Tico consumers are getting squeezed in the following goods and services:

  • Fossil fuels, including gasoline and diesel: 2.37 percent
  • Dairy products: 1.23 percent
  • Taxi service: 0.91 percent
  • Papayas: 18.88 percent!

Not everything ended up being more expensive in Costa Rica during September.

Economist Milton Castillo, one of the researchers behind the consumer price index (CPI) at the INEC, told Marco Gonzalez Ugalde of La Prensa Libre that although the overall CPI went up by 0.13 percent in September, there were some price reductions in:

  • Canned tuna by -1.56 percent
  • New automobiles by -0.5 percent
  • Onions by -8.98 percent
  • Potatoes by -9 percent
  • Tomatoes by -20.05 percent!
- Advertisement -

September was a tough month for Ticos in terms of transportation as well. Not only were fossil fuels higher, but some bus lines were granted approval to raise their fares. Smokers shelled out 0.30 percent more in September, and so did those who drink liquor.

Compared to last year, the CPI inflation is 4.47 percent higher, which is right on target with expectations by the Central Bank of Costa Rica. Inflation is expected to continue; after all, Costa Rica has traditionally been a country that thrives on inflation. Economists, however, are concerned that the national unemployment rate is going up right along with inflation.

Article by Costa Rica Star

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Carter Maddoxhttp://cjmaddox.com
Carter is self-described as thirty-three-and-a-half years old and his thirty-three-and-a-half years birthday is always on March 3. Carter characteristically avoids pronouns, referring to himself in the third person (e.g. "Carter has a question" rather than, "I have a question"). One day [in 1984], Carter, raised himself up and from that day forward we could all read what Carter writes.

Related Articles

Cuba Plane Crash: Company ‘Had Safety Complaints’

Solidarity and investigations after the accident. Cuban authorities are investigating the...

The Volcanos Of Central America (By Country)

Among the things most loved by travelers to Central America is...

MOST READ

Bribed with cars, sexual favors and money in exchange for road works contracts

QCOSTARICA - The OIJ uncovered a big pothole on Monday when it was announced that public officials had allied with construction companies that, apparently,...

American woman found lifeless in hotel bathroom in Sabana

QCOSTARICA - A sad discovery occurred this Thursday morning in a hotel located in La Sabana, in San José, the lifeless body of a...

The Best Sports To Play On A Beach

Costa Rica has some of the best beaches in the world. The coastline is blessed with golden sand, beautiful palm trees, and perfect blue...

Will that be Cash or Sinpe Móvil?

QCOSTARICA - Sinpe Móvil is easy to use. From your phone, you can send money to friends, family and pay for things. Or receive...

Construction companies that paid alleged bribes would be disqualified for ten years

QCOSTARICA - If it is proven in a final judgment that they did pay bribes to Conavi officials, several companies could be disqualified from...

Heavy downpours generated the first phreatic eruption of this year at the Turrialba volcano

QCOSTARICA - Several residents of La Pastora, La Central and Monte Calas, in the vicinity of the Turrialba volcano, heard a loud rumbling early...

Cynthia Ann Telles named new U.S. Ambassador to Costa Rica

QCOSTARICA - Today, U.S. President Joe Biden announced his nomination of Dr. Cynthia Ann Telles as United States ambassador to Costa Rica. According to the...

Today’s Vehicle Restriction June 17: 7 & 8 CANNOT circulate

Today, Thursday, June 17, vehicles with plates ending 7 & 8 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

Ortega government accuses imprisoned opponents of receiving money from the United States to overthrow him

TODAY NICARAGUA – The Nicaraguan government assures that the imprisoned political opponents detained on charges of “inciting foreign intervention” are “usurpers” financed by the...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

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.