Costa Rica Inflation July 2017

Costa Rica

Costa Rica: Inflation eases in July

August 8, 2017

In July, consumer prices rose 0.32%, coming in above June’s 0.08% increase. According to the National Institute of Statistics and Censuses (INEC), the acceleration was driven by higher prices food and non-alcoholic beverages and housing, which more than offset lower prices for transportation and communication. July’s print was the highest since February.

Inflation eased to 1.2% in July (June: 1.8%) and marked the weakest reading in five months. As a result, inflation remained below the Central Bank’s 2.0%–4.0% target range. Meanwhile, annual average inflation was steady at the previous month’s 1.0%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2017 at 2.9%, which is unchanged from last month's forecast. In 2018, the panel sees year-end inflation rising to 3.6%.


Author:, Economist

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Costa Rica Inflation July 2017

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


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