Costa Rica Inflation August 2017

Costa Rica

Costa Rica: Inflation eases again in August

September 8, 2017

Consumer prices decreased 0.22% in August on a monthly basis, the first monthly decrease in prices since March and contrasting the previous month’s 0.32% rise. According to data released by the National Institute of Statistics and Censuses (INEC), the drop was chiefly driven by lower prices for food and non-alcoholic beverages, offsetting higher prices for goods such as alcoholic beverages and cigarettes.

Inflation eased for the second consecutive month and dropped from 1.2% in July to 0.9% in August, marking the second weakest reading in the year to date. Subsequently, inflation drifted further away from the Central Bank’s inflation target of 2.0%-4.0%. Conversely, annual average inflation came in at 1.1%, a notch above the previous month’s 1.0%—annual average inflation has been on the rise for more than a year.

FocusEconomics Consensus Forecast panelists expect inflation to end 2017 at 2.8%, which is down 0.1 percentage points from last month's forecast. In 2018, the panel sees year-end inflation rising to 3.6%.


Author:, Economist

Sample Report

Looking for forecasts related to Inflation in Costa Rica? Download a sample report now.

Download

Costa Rica Inflation Chart


Costa Rica Inflation August 2017

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


Costa Rica Economic News

  • Costa Rica: Economic activity growth hits an over two-year high in May

    July 12, 2018

    In May, annual growth in economic activity accelerated to 4.4% from a revised 4.0% expansion in April (previously reported: +2.8% year-on-year), according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Económica) published by the Central Bank of Costa Rica (BCCR).

    Read more

  • Costa Rica: Inflation ticks up in June

    July 6, 2018

    Consumer prices rose 0.18% in June compared to the previous month, contrasting May’s 0.11% decrease.

    Read more

  • Costa Rica: Economic growth slows in the first quarter

    June 29, 2018

    The economy grew at the slowest rate in three years in the first quarter of the year, according to GDP data released by the Central Bank on 29 June.

    Read more

  • Costa Rica: Inflation dips in May

    June 8, 2018

    Consumer prices fell 0.11% in May compared to the previous month, down from the 0.08% decrease recorded in April.

    Read more

  • Costa Rica: Economic activity decelerates in March

    May 11, 2018

    In March, annual growth in economic activity decelerated to 3.1% from an upwardly revised 3.2% expansion in February (previously reported: +3.0% year-on-year), according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Económica) published by the Central Bank of Costa Rica (BCCR). March’s slowdown in growth came amid a year-on-year contraction in the mining and quarrying sector and a stagnant construction sector.

    Read more

More news

Search form