Costa Rica Inflation July 2022

Costa Rica

Costa Rica: Inflation increases in July

August 9, 2022

Consumer prices increased 1.09% from the previous month in July, which was below June's 1.78% rise. July's result marked the weakest reading since March. The slowdown was driven by falling prices for transportation and housing, which partially offset higher food price pressures.

Inflation rose to 11.5% in July, above June’s 10.1%. July's result was the highest inflation rate since April 2009. Meanwhile, the trend pointed up, with annual average inflation coming in at 5.4% in July (June: 4.6%).

Our panelists expect inflation to end 2022 at 9.5%, which is up 2.1 percentage points from last month’s forecast, and 2023 at 4.7%.


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