Costa Rica Inflation February 2018

Costa Rica

Costa Rica: Inflation edges down in February

March 7, 2018

Consumer prices rose 0.21% in February over the previous month, following a 0.41% month-on-month increase in January. According to the National Institute of Statistics and Census (INEC), the deceleration in February was primarily driven by lower prices for food and non-alcoholic beverages, and clothing and footwear.

Inflation moderated to 2.2% in February from 2.4% in January. As a result, it remained within the Central Bank’s 2.0%–4.0% target range. Meanwhile, annual average inflation inched up from 1.8% in January to 1.9% in February—the highest reading since October 2015.

Costa Rica Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to end this year at 3.2%, which is unchanged from last month's forecast. In 2019, the panel sees inflation ending the year at 3.4%.

Author:, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation February 2018

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

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