Costa Rica Inflation July 2021

Costa Rica

Costa Rica: Inflation drops in July

August 13, 2021

Consumer prices dropped 0.21% in July over the previous month, contrasting the 0.54% increase recorded in June. July's result marked the sharpest fall in prices since February. Looking at the details of the release, prices for transportation swung into contraction, while housing prices fell at a quicker pace compared to the previous month.

Inflation came in at 1.4% in July, down from June’s 1.9% print. Meanwhile, annual average inflation edged up to 0.8% in July (June: 0.7%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 2.1%, which is unchanged from last month's forecast, and 2022 at 2.3%.


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Costa Rica Inflation July 2021

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


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