Inflation in Costa Rica
Costa Rica - Inflation
Inflation launches into the Central Bank’s target range in April
Consumer prices rose 0.56% in April compared to the previous month, contrasting the 0.14% fall in March. According to the National Institute of Statistics and Census, April’s outturn came on the back of higher electricity and gasoline prices.
Inflation jumped to 2.1% in April from 1.4% in March, launching into the Central Bank’s 2.0%–4.0% target range. Annual average inflation remained unchanged from March’s 2.0% in April.
Inflation should pick up even further in the coming months, particularly given July’s switch to a value-added tax from a general sales tax and an expected acceleration in economic growth. 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, and 3.1% in 2020.
Costa Rica - Inflation Data
|Inflation Rate (CPI, annual variation in %)||5.2||4.5||0.8||0.0||1.6|
5 years of economic forecasts for more than 30 economic indicators.
Costa Rica Inflation Chart
Source: Costa Rica Central Bank and Met the why particular calculations.
Costa Rica Facts
|Exchange Rate||594.7||-0.57 %||May 13|
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May 11, 2019
Annual economic growth in cyclically-adjusted terms was unchanged in March from February’s revised 1.9% reading (previously reported: +1.7% year-on-year), according to the monthly index of economic activity published by the Central Bank of Costa Rica.
May 8, 2019
Consumer prices rose 0.56% in April compared to the previous month, contrasting the 0.14% fall in March.
Costa Rica: Dry weather holds back economy in February as agriculture output drops for fifth month running
April 11, 2019
Annual economic growth in cyclically-adjusted terms was unchanged in February from January’s revised 1.7% reading (previously reported: +1.6% year-on-year), according to the monthly index of economic activity published by the Central Bank of Costa Rica.
April 5, 2019
Consumer prices fell 0.14% in March compared to the previous month, contrasting the 0.08% increase in February.
Costa Rica: Economic growth slows to a near six-year low at the end of 2018, hit by large public protests
March 29, 2019
In the fourth quarter of 2018, the economy grew 1.4% compared to the same quarter a year earlier.