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

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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).

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