Costa Rica Inflation July 2020

Costa Rica

Costa Rica: Consumer prices record biggest drop in July since June 2016

August 7, 2020

Consumer prices rose 0.26% from the previous month in July, swinging from June's 0.02% drop. July's reading marked the sharpest increase in prices since February. The rebound was driven by rising prices for food and non-alcoholic beverages, and transportation.

Consumer prices fell 0.2% on an annual basis in July, contrasting June’s 0.3% increase July's result and marking the largest fall in consumer prices since June 2016. Annual average inflation slowed to 1.5% in July (June: 1.7%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 0.7%, which is up 0.1 percentage points from last month's forecast, and 2021 at 2.7%.

Author:, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation July 20 20

Note: Annual and monthly variation of consumer price index in %.
Source: National Institute of Statistics and Census (INEC).

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