Costa Rica Inflation January 2021

Costa Rica

Costa Rica: Inflation continues to climb in January

February 5, 2021

Consumer prices increased over the previous month in January, clocking in a 0.18% rise, easing from December’s 0.53% growth. The result reflected higher prices for transport, education, as well as for food and non-alcoholic beverages. The overall increase was capped by lower prices for rent and housing services.

Inflation climbed up to 1.0% in January (December: 0.9%), the highest rate since March 2020. Meanwhile, the trend was unchanged with annual average inflation coming in at December’s 0.7%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 2.4%, which is down 0.1 percentage points from last month's forecast, and 2022 at 2.8%.

Author:, Junior Economist

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Costa Rica Inflation Chart

Costa Rica Inflation January 2021

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

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