Costa Rica Inflation January 2018

Costa Rica

Costa Rica: Inflation decelerates in January

February 7, 2018

In January, consumer prices increased 0.41% month-on-month, down slightly from December’s 0.47% increase. According to the National Institute of Statistics and Census (INEC), January’s increase was primarily caused by higher prices for food and non-alcoholic beverages. On the other hand, decreases in prices for clothing and footwear, communications and miscellaneous goods and services moderated the overall rise in consumer prices in January.

Inflation decelerated to 2.4% in January, down from 2.6% in December but remaining within the Central Bank’s 2.0%–4.0% target range. Meanwhile, annual average inflation ticked up to 1.8% in January from 1.6% in December.

FocusEconomics Consensus Forecast panelists expect inflation to end this year at 3.2%, which is down 0.2 percentage points from last month's forecast. In 2019, the panel sees inflation ending the year at 3.5%.

Author:, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation January 2018

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

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