Costa Rica Inflation April 2017

Costa Rica

Costa Rica: Inflation stable at two-year high in April but remains below target

May 8, 2017

Consumer prices rebounded in April and rose 0.15% month-on-month, contrasting March’s 0.42% decline. According to the National Institute of Statistics and Census (INEC), the figure was driven by a rise in prices for transport, rental and housing services. Meanwhile, food and non-alcoholic beverage prices fell in the same month.

Inflation was broadly stable from a month earlier at 1.6% in April and marked the strongest reading in two years. Regardless, inflation remains below the BCCR’s 2.0%–4.0% target range. Meanwhile, annual average inflation climbed to 0.6% in April, following March’s 0.4%, and marked the highest annual average figure in more than a year.

FocusEconomics Consensus Forecast panelists expect inflation to end 2017 at 2.9%, which is unchanged 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 April 2017

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 accelerates in December

    February 9, 2018

    In December, year-on-year growth in economic activity accelerated to the fastest pace in 10 months, increasing from a revised 3.2% in November (previously reported: +2.4% year-on-year) to 3.5%, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Económica) published by the Central Bank of Costa Rica (BCCR). December’s result was underpinned by increased activity in the services and manufacturing sectors.

    Read more

  • Costa Rica: Inflation decelerates in January

    February 7, 2018

    In January, consumer prices increased 0.41% month-on-month, down slightly from December’s 0.47% increase.

    Read more

  • Costa Rica: Economic activity growth picks up in November

    January 11, 2018

    Annual growth in economic activity increased from a revised 2.2% in October (previously reported: +2.3% year-on-year) to 2.4% in November last year, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Económica) published by the Central Bank of Costa Rica (BCCR). Although November’s annual growth rate was the highest in three months, it was low by historical standards.

    Read more

  • Costa Rica: Inflation accelerates in December

    January 8, 2018

    In December, consumer prices increased 0.47% month-on-month, up from November’s 0.16% increase.

    Read more

  • Costa Rica: GDP growth slows in Q3 on lower investment

    December 22, 2017

    The economy lost steam in Q3 as fixed investment contracted sharply amid higher interest rates and increased uncertainty.

    Read more

More news

Search form