Costa Rica Inflation February 2019

Costa Rica

Costa Rica: Inflation falls further below Central Bank target range in February

March 7, 2019

Consumer prices rose 0.08% in February compared to the previous month, up slightly from the 0.05% increase in January. According to the National Institute of Statistics and Census (INEC), February’s outturn came on the back of higher prices for automobiles, education and tourism deals. On the other hand, gasoline prices fell in the month, weighing on the overall price-increase.

Inflation moderated to 1.5% in February, down from 1.7% in January and remaining below the Central Bank’s 2.0%–4.0% target range. Annual average inflation ticked down to 2.1% in February from 2.2% in January.

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 3.1%, which is also unchanged from last month’s forecast.

Author:, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation February 2019

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

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