Inflation in Costa Rica
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
|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||577.4||-0.57 %||Sep 20|
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September 11, 2018
In July, annual growth in economic activity accelerated to 3.7% from a substantially-revised 3.6% in June (previously reported: +4.2% year-on-year).
August 11, 2018
In June, annual growth in economic activity accelerated to 4.2% from a revised 4.0% in May (previously reported: +4.4% 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).
August 8, 2018
Consumer prices rose 0.28% in July compared to the previous month, up from June’s 0.18% increase.
July 12, 2018
In May, annual growth in economic activity accelerated to 4.4% from a revised 4.0% expansion in April (previously reported: +2.8% 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).
July 6, 2018
Consumer prices rose 0.18% in June compared to the previous month, contrasting May’s 0.11% decrease.