Costa Rica Inflation March 2020

Costa Rica

Costa Rica: Inflation accelerates slightly in March

April 8, 2020

Consumer prices decreased 0.03% in March compared to the previous month, contrasting the 0.29% in increase in February. The decrease in March was due to lower housing prices, in addition to transport prices.

Inflation accelerated to 1.9% in March, up from 1.8% in February and coming closer to the Central Bank’s 2.0%–4.0% target range. Annual average inflation ticked up to 2.2% from 2.1%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 2.6%, which is up 0.1 percentage points from last month's forecast, and 2021 at 2.8%.

Author:, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation March 20 20

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

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