Inflation in Costa Rica

Costa Rica Inflation (eop) | Economic News & Forecasts

Costa Rica - Inflation (end of period)

Inflation comes in at highest level since May 2009 in May

Consumer prices rose 1.44% from the previous month in May, moderating from the 1.58% increase seen in April. Looking at the details of the release, housing prices dropped in May compared to the previous month, while price pressures for gasoline and transportation eased.

Inflation came in at 8.7% in May, which was up from April’s 7.2%. May's reading marked the highest inflation rate since May 2009. Meanwhile, the trend pointed up, with annual average inflation coming in at 3.9% in May (April: 3.3%).

Our panelists project inflation to end 2022 at 3.8%, which is up 0.3 percentage points from last month’s forecast, and 2023 at 2.9%.

Costa Rica - Inflation (eop) Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %, eop)-0.8  0.8  2.6  2.0  1.5  

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Costa Rica Inflation (eop) Chart

Costa Rica Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Costa Rica Central Bank and FocusEconomics calculations.

Costa Rica Facts

Value Change Date
Exchange Rate571.0-0.57 %Jan 01

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