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SUBSEQUENT EVENTS
3 Months Ended
Nov. 30, 2011
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS [Text Block]
NOTE 12 - SUBSEQUENT EVENTS

On December 14, 2011, the Company acquired approximately 12,135 square meters of land in south Cali, Colombia upon which the Company plans to construct and operate a warehouse club.  This warehouse club will be PriceSmart's second in Colombia.  The Company anticipates that this new warehouse club will open in late calendar 2012.

On December 22, 2011, the Company's Guatemala subsidiary entered into a loan agreement based in Quetzales with Banco Industrial, S.A., for the equivalent amount of $8.9 million to be paid over ten years.  The loan has a variable interest rate, which will be fixed for the first three years to an interest rate of 8% per year.  Thereafter, the interest rate will be negotiable according to market conditions.