Huge hike in industrial prices in Costa Rica
The price of raw materials for industrial producers rose 5% in July, a bad sign for consumers.
Thursday, August 14, 2008
This increase, measured with Industrial Producer Price Index (IPPI), was double the Consumer Price Index which was at 2.14% last month.
They are demanding specific actions on issues such as the cost of electricity, exchange rates, access to financing and paperwork.
The Supreme Court has ordered the cost of giving bonuses to employees of the state run monopolistic distributor to be incorporated into fuel prices.
Foreign sales in the first four months of the year totaled $467 million, below the $543 million generated from sales abroad in the same period in 2013.
It is expected that next year agricultural and livestock producers will have low cost of raw materials, since the price of imported goods is dropping.
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