Inflation in Costa Rica
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
|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||607.2||-0.57 %||Mar 11|
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March 14, 2019
Annual economic growth in cyclically-adjusted terms was unchanged in January from December’s revised 1.6% reading (previously reported: +1.8% year-on-year), according to the monthly index of economic activity published by the Central Bank of Costa Rica.
March 7, 2019
Consumer prices rose 0.08% in February compared to the previous month, up slightly from the 0.05% increase in January.
February 11, 2019
Cyclically-adjusted annual economic growth slowed to 1.8% in December from 1.9% in November, representing the lowest growth rate since December 2013.
February 8, 2019
Consumer prices rose 0.05% in January compared to the previous month, down from 0.21% in December.
January 11, 2019
Working-day adjusted annual growth in economic activity slowed to 1.9% in November from 2.1% in October, representing the lowest growth rate since December 2013.