Inflation in Costa Rica
Costa Rica - Inflation
Inflation falls further below Central Bank target range in March
Consumer prices fell 0.14% in March compared to the previous month, contrasting the 0.08% increase in February. According to the National Institute of Statistics and Census, March’s outturn came on the back of lower automobile prices and airplane tickets.
Inflation moderated to 1.4% in March from 1.5% in February, remaining below the Central Bank’s 2.0%–4.0% target range. Annual average inflation ticked down to 2.0% in March from 2.1% in February.
Costa Rica Inflation Forecast
Inflation should pick up in the coming months, particularly given this year’s switch to a value-added tax from a general sales tax and an expected acceleration in economic growth. FocusEconomics Consensus Forecast panelists expect inflation to end this year at 3.0%, which is down 0.1 percentage points from last month's forecast, and 3.2% in 2020.
Costa Rica - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 5.2 | 4.5 | 0.8 | 0.0 | 1.6 |
Costa Rica Inflation Chart
Source: Costa Rica Central Bank and FocusEconomics calculations.
Costa Rica Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 593.8 | -0.57 % | Apr 22 |
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Economic News
Costa Rica: Dry weather holds back economy in February as agriculture output drops for fifth month running
April 10, 2019
Annual economic growth in cyclically-adjusted terms was unchanged in February from January’s revised 1.7% reading (previously reported: +1.6% year-on-year), according to the monthly index of economic activity published by the Central Bank of Costa Rica.
Costa Rica: Inflation falls further below Central Bank target range in March
April 5, 2019
Consumer prices fell 0.14% in March compared to the previous month, contrasting the 0.08% increase in February.
Costa Rica: Economic growth slows to a near six-year low at the end of 2018, hit by large public protests
March 29, 2019
In the fourth quarter of 2018, the economy grew 1.4% compared to the same quarter a year earlier.
Costa Rica: The economy grows at a steady, modest pace in January
March 14, 2019
Annual economic growth in cyclically-adjusted terms was unchanged in January from December’s revised 1.6% reading (previously reported: +1.8% year-on-year), according to the monthly index of economic activity published by the Central Bank of Costa Rica.
Costa Rica: Inflation falls further below Central Bank target range in February
March 7, 2019
Consumer prices rose 0.08% in February compared to the previous month, up slightly from the 0.05% increase in January.
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