Costa Rica Inflation June 2022

Costa Rica

Costa Rica: Inflation comes in at highest level since April 2009 in June

July 7, 2022

Consumer prices increased 1.78% in June over the previous month, picking up from May's 1.44% rise. June's uptick marked the highest reading since August 2008. The acceleration was broad-based, with greater price pressures recorded for food, non-alcoholic beverages and transportation.

Inflation came in at 10.1% in June, up from May’s 8.7%. June's figure was the highest inflation rate since April 2009. Meanwhile, the trend pointed up, with annual average inflation coming in at 4.6% in June (May: 3.9%).

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%.


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Costa Rica Inflation Chart

Costa Rica Inflation June 2022

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

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