Costa Rica Inflation December 2020

Costa Rica

Costa Rica: Inflation climbs in December

January 12, 2021

Consumer prices increased over the previous month in December, clocking in a 0.53% rise, notably up from November’s flat reading and marking a 17-month high. The result reflected higher prices for food and non-alcoholic beverages, entertainment and cultural services, as well as for restaurants and hotels. The overall increase was capped by lower prices for transport.

Inflation climbed up to 0.9% in December (November: 0.2%), the highest rate since April. However, the trend pointed down mildly, with annual average inflation coming in at 0.7% in December (November: 0.8%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 2.5%, which is unchanged from last month's forecast, and 2022 at 2.7%.

Author:, Junior Economist

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Costa Rica Inflation Chart

Costa Rica Inflation December 20 20

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

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