Weekly Report - 9 October 2008 (ISSN 1741-7422)

COSTA RICA | Inflation at 10-year high. Increasing food and transport costs drove 12-month inflation (from October 2007 to September 2008) to 15.8%, its highest level for a decade, according to the national statistics institute (Inec). Inflation reached 11.8% for the first three quarters of the year. While the government could take no comfort from inflation figures, it was buoyed by the decision to give it until the end of 2008 to approve the Cafta-DR trade treaty with the US. The government, concerned by an incipient slowdown in the US (the destination of more than half of Costa Rica's exports), is desperate for Cafta-DR to enter into force.

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