Costa Rica Inflation January 2020

Costa Rica

Costa Rica: Inflation ticks up in January but remains low

February 7, 2020

Consumer prices increased 0.11% in January in month-on-month terms, contrasting the 0.12% decrease in December. The decrease in January was due to lower prices for food and non-alcoholic beverages.

Inflation ticked up to 1.6% in January from 1.5% in December, coming closer to the Central Bank’s 2.0%–4.0% target range. Annual average inflation was unchanged at 2.1% in January.

FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 2.6%, which is down 0.2 percentage points from last month's forecast, and 2021 at 2.8%.

Author:, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation January 20 20

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

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