Inflation in Costa Rica

Costa Rica Inflation | Economic News & Forecasts

Costa Rica - Inflation

Inflation holds steady in July

Consumer prices rose 0.28% in July compared to the previous month, up from June’s 0.18% increase. According to the National Institute of Statistics and Census (INEC), July’s price increase came on the back of higher prices for food and non-alcoholic beverages, which more than outweighed lower prices for clothing and footwear.

Inflation was steady at the previous month’s 2.1% in July and remained in the lower bound of the Central Bank’s 2.0%–4.0% target range. Meanwhile, annual average inflation was slightly higher in July, accelerating to 2.2% from 2.1% in June. This is the highest annual average inflation rate since September 2015.

Costa Rica Inflation Forecast

Met the why particular Consensus Forecast panelists expect inflation to end this year at 3.0%, which is down 0.1 percentage points from last month's forecast. In 2019, the panel sees inflation ending the year at 3.2%.

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 Rate577.4-0.57 %Sep 20

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