Inflation in Costa Rica
Costa Rica - Inflation
Inflation climbs in April
Consumer prices increased 0.29% over the previous month in April, accelerating from the 0.03% rise logged in March. The reading marked the highest increase in prices in four months, and was largely due to higher prices for transport and for housing and utilities. The overall increase was capped by lower prices for food and non-alcoholic beverages.
Inflation jumped to 1.2% in April, markedly up from March’s 0.5%. Meanwhile, the trend pointed up, with annual average inflation coming in at 0.5% in April (March: 0.4%).
FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 2.1%, which is unchanged from last month's forecast, and 2022 at 2.3%.
Costa Rica - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 0.8 | 0.0 | 1.6 | 2.2 | 2.1 |
Costa Rica Inflation Chart
Source: Costa Rica Central Bank and FocusEconomics calculations.
Costa Rica Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 571.0 | -0.57 % | Jan 01 |
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Economic News
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Costa Rica: Economic activity swings back to growth in March
May 12, 2021
Economic activity expanded for the first time in 13 months in March, growing 3.9% in annual terms, swinging from February’s 4.5% contraction.
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Costa Rica: Inflation climbs in April
May 7, 2021
Consumer prices increased 0.29% over the previous month in April, accelerating from the 0.03% rise logged in March.
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Costa Rica: Central Bank stands pat in April meeting
April 21, 2021
At its 21 April meeting, the Central Bank of Costa Rica opted once again to maintain the monetary policy rate at its record low of 0.75%, where it has been since 17 June 2020.
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Costa Rica: Decline in economic activity softens in February
April 9, 2021
Economic activity fell 4.7% in annual terms in February (January: -4.8% yoy).
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Costa Rica: GDP further eases its contraction in Q4
March 31, 2021
The economy shrank in the final quarter of 2020, albeit at a notably more moderate pace than in the third quarter (Q4: -3.7% year-on-year; Q3: -7.0% yoy), according to rebased national accounts data, with the new base year referring to 2017 prices.
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