Costa Rica Inflation May 2017

Costa Rica

Costa Rica: Inflation inches up to over two-year high in May but remains below target

June 7, 2017

Consumer prices rose 0.22% in May, climbing away from April’s 0.15% increase. According to the National Institute of Statistics and Census (INEC), the figure was driven by a rise in transport prices, which more than offset a fall in prices for entertainment and culture. Food and non-alcoholic beverage prices, the most heavily weighted grouping in the index, fell slightly.

Inflation inched up to 1.7% in May (April: 1.6%) and marked the strongest reading in more than two years. Regardless, inflation remains below the BCCR’s 2.0%–4.0% target range. Meanwhile, annual average inflation climbed to 0.8% in May, following April’s 0.6%, and marked the highest annual average figure in more than a year.

FocusEconomics Consensus Forecast panelists expect inflation to end 2017 at 3.0%, which is up 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 May 2017 0

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