Costa Rica Inflation December 2019

Costa Rica

Costa Rica: Inflation decelerates in December to a nine-month low

January 8, 2020

Consumer prices fell 0.1% in December in month-on-month terms, contrasting the 0.2% increase in November. The end-of-year price fall was largely due to cheaper food and non-alcoholic beverages.

Inflation moderated to 1.5% in December from 1.9% in November, representing a nine-month low and falling further out of the Central Bank’s 2.0%–4.0% target range. Annual average inflation was unchanged at 2.1% in December.

FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 2.8%, which is up 0.1 percentage points from last month's forecast, and 2021 at 3.0%.

Author:, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation December 2019

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

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