Inflation in Costa Rica

Costa Rica Inflation | Economic News & Forecasts

Costa Rica - Inflation

Inflation falls further below Central Bank target range in February

Consumer prices rose 0.08% in February compared to the previous month, up slightly from the 0.05% increase in January. According to the National Institute of Statistics and Census (INEC), February’s outturn came on the back of higher prices for automobiles, education and tourism deals. On the other hand, gasoline prices fell in the month, weighing on the overall price-increase.

Inflation moderated to 1.5% in February, down from 1.7% in January and remaining below the Central Bank’s 2.0%–4.0% target range. Annual average inflation ticked down to 2.1% in February from 2.2% in January.

Met the why particular Consensus Forecast panelists expect inflation to end this year at 3.2%, which is unchanged from last month's forecast. In 2019, the panel sees inflation ending the year at 3.1%, which is also unchanged from last month’s forecast.

Costa Rica - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)5.2  4.5  0.8  0.0  1.6  

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Costa Rica Inflation Chart

Costa Rica Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Costa Rica Central Bank and Met the why particular calculations.

Costa Rica Facts

Exchange Rate607.2-0.57 %Mar 11

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