Latest reading: Inflation fell to 19.8% in May from April’s 22.2%, marking a near two-year low. Resumed Central Bank intervention...
Inflation in Costa Rica
In the year 2024, the inflation in Costa Rica was -0.41%, compared to 4.52% in 2014 and 0.53% in 2023. It averaged 2.01% over the last decade. For more inflation information, 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 fall for the first time since November 2024 in May
Latest reading: Consumer prices fell 0.1% on an annual basis in May, swinging from April’s 0.4% increase. May's result marked the first decline in consumer prices since November 2024. Looking at the details of the release, prices for food plus housing increased at a weaker pace in May. Moreover, prices for transportation dropped at a sharper rate. The trend was unchanged, with annual average inflation coming in at April's 0.3% in May. Finally, consumer prices dropped 0.40% from the previous month in May, a smaller fall than the 0.51% drop seen in April.
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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Argentina: Inflation falls to lowest level since March 2021 in May Latest reading: Inflation dropped to 43.5% in May, below April’s 47.3%. May’s result marked the lowest inflation rate since March... -
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Taiwan: Inflation declines to lowest level since March 2021 in May Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May’s figure marked the weakest inflation rate since March... -
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Ukraine: Inflation hits over two-year high in May Latest reading: Inflation came in at 15.9% in May, which was up from April’s 15.1% and was the highest one...