Costa Rica Inflation June 2021

Costa Rica

Costa Rica: Inflation rises to 15-month high in June

July 7, 2021

Consumer prices increased 0.54% over the previous month in June, contrasting May's 0.01% drop. June's figure marked the sharpest increase in prices since July 2019. The rebound in price pressures was largely driven by rising prices for food and non-alcoholic beverages. In addition, price pressures for transportation grew at a quicker rate.

Inflation came in at 1.9% in June, up from May’s 1.3%. June's result marked the highest inflation rate since March 2020. Consequently, the trend pointed up, with annual average inflation coming in at 0.7% in June (May: 0.5%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 2.0%, which is down 0.1 percentage points from last month's forecast, and 2022 at 2.3%.


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Costa Rica Inflation Chart

Costa Rica Inflation June 2021

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

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