Inflation in Costa Rica

Costa Rica Inflation | Economic News & Forecasts

Costa Rica - Inflation

Inflation dips in May

Consumer prices fell 0.11% in May compared to the previous month, down from the 0.08% decrease recorded in April. According to the National Institute of Statistics and Census (INEC), May’s monthly price decline came on the back of lower prices for food and non-alcoholic drinks, and entertainment and culture.

Inflation decelerated to 2.0% in May from 2.4% in April, reaching the lower bound of the Central Bank’s 2.0%–4.0% target range. Meanwhile, annual average inflation was stable at April’s 2.0% print.


Costa Rica Inflation Forecast


Met the why particular Consensus Forecast panelists expect inflation to end this year at 3.1%, which is down 0.1 percentage points from last month's forecast. In 2019, the panel sees inflation ending the year at 3.4%.

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

ValueChangeDate
Exchange Rate567.2-0.57 %Jun 19
Exchange Rate567.2-0.57 %Jun 19

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Economic News

  • Costa Rica: Inflation dips in May

    June 8, 2018

    Consumer prices fell 0.11% in May compared to the previous month, down from the 0.08% decrease recorded in April.

    Read more

  • Costa Rica: Economic activity decelerates in March

    May 11, 2018

    In March, annual growth in economic activity decelerated to 3.1% from an upwardly revised 3.2% expansion in February (previously reported: +3.0% year-on-year), according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Económica) published by the Central Bank of Costa Rica (BCCR). March’s slowdown in growth came amid a year-on-year contraction in the mining and quarrying sector and a stagnant construction sector.

    Read more

  • Costa Rica: Inflation decelerates in April

    May 9, 2018

    Consumer prices fell 0.08% in April compared to the previous month, more than the 0.03% decrease recorded in March.

    Read more

  • Costa Rica: Economic activity decelerates in February

    April 11, 2018

    In February, year-on-year growth in economic activity decelerated to 3.0% from a 3.1% expansion in January, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Económica) published by the Central Bank of Costa Rica (BCCR) on 11 April. February’s weaker result was driven by a slower expansion in transportation and storage activity compared to January, alongside weaker growth in the activity groups of professional services, finance and insurance, and mining and quarrying.

    Read more

  • Costa Rica: Inflation accelerates in March

    April 6, 2018

    Consumer prices fell 0.03% in March compared to the previous month, contrasting a 0.21% month-on-month increase in February.

    Read more

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