Latest reading: Consumer prices rose 2.9% in annual terms in September, stable from the previous month’s reading and within the...
Inflation in Costa Rica
Consumer price inflation in Costa Rica averaged 2.0% in the ten years to 2024, in line with the Central America and Caribbean regional average of 3.2%. The 2024 average figure was -0.4%. For more information on inflation, visit our dedicated page.
Costa Rica Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Costa Rica from 2024 to 2016.
Source: Macrobond.
Costa Rica Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.7 | 1.7 | 8.3 | 0.5 | -0.4 |
| Inflation (CPI, ann. var. %, eop) | 0.9 | 3.3 | 7.9 | -1.8 | 0.8 |
| Inflation (PPI, ann. var. %, eop) | 2.7 | 13.9 | 8.1 | -5.7 | -1.1 |
Consumer prices record biggest fall in over one year in August
Latest reading: Consumer prices declined 0.9% on an annual basis in August, after July’s 0.6% fall. August's result represented the largest fall in consumer prices since March 2024. Looking at the details of the release, prices for food and non-alcoholic beverages fell at a steeper rate in August. In contrast, prices for transportation dropped at a more moderate pace. Meanwhile, annual average inflation fell to 0.2% in August (July: 0.3%). Finally, consumer prices dropped 0.21% in August over the previous month, a softer drop than the 0.52% fall seen in July.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Costa Rican inflation projections for the next ten years from a panel of 16 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Costa Rican inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Costa Rican inflation projections.
Want to get access to the full dataset of Costa Rican inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Poland: Inflation stabilizes in September -
Qatar: Inflation stable in August Latest reading: Consumer prices increased 0.7% on a year-on-year basis in August, matching the rise seen in the prior month.... -
UAE: Dubai inflation cools in August Latest reading: Consumer prices in Dubai increased 2.4% on a year-on-year basis in August, down from the 2.9% rise seen... -
Australia: Inflation rises in August from the prior month Latest reading: Consumer prices increased 3.0% on a year-on-year basis in August, following a 2.8% rise in the prior month... -
Hong Kong: Inflation accelerates in August from the prior month but remains mild Latest reading: Consumer prices were up 1.1% on a year-on-year basis in August, following a 1.0% increase in the prior... -
Malaysia: Inflation rises in August from July Latest reading: Consumer prices were up 1.3% in annual terms in August, following a 1.2% increase in the prior month.... -
Japan: Inflation eases in August but remains above target Latest reading: Inflation came in at 2.7% in August, down from July’s 3.1%. August’s print was the weakest since October...