Costa Rica Inflation October 2021

Costa Rica

Costa Rica: Inflation increases in October

November 5, 2021

Consumer prices rose 0.49% in October over the previous month, moderating from September's 0.63% rise. Looking at the details of the release, housing prices swung into contraction in October compared to the previous month, while price pressures for transportation picked up pace.

Inflation came in at 2.5% in October, which was up from September’s 2.1%. October's result marked the highest inflation rate since September 2019. Lastly, annual average inflation rose to 1.3% in October (September: 1.1%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 1.9%, which is up 0.1 percentage points from last month's forecast, and 2022 at 2.4%.


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Costa Rica Inflation Chart

Costa Rica Inflation October 2021

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

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