Inflation in Costa Rica
Costa Rica - Inflation
Inflation comes in at highest level since April 2009 in June
Consumer prices increased 1.78% in June over the previous month, picking up from May's 1.44% rise. June's uptick marked the highest reading since August 2008. The acceleration was broad-based, with greater price pressures recorded for food, non-alcoholic beverages and transportation.
Inflation came in at 10.1% in June, up from May’s 8.7%. June's figure was the highest inflation rate since April 2009. Meanwhile, the trend pointed up, with annual average inflation coming in at 4.6% in June (May: 3.9%).
Our panelists project inflation to end 2022 at 3.8%, which is up 0.3 percentage points from last month’s forecast, and 2023 at 2.9%.
Costa Rica - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.8||0.0||1.6||2.2||2.1|
5 years of economic forecasts for more than 30 economic indicators.
Costa Rica Inflation Chart
Source: Costa Rica Central Bank and FocusEconomics calculations.
Costa Rica Facts
|Exchange Rate||571.0||-0.57 %||Jan 01|
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August 1, 2022
Economic growth waned in the second quarter, with GDP increasing 5.4% on an annual basis (Q1: +8.4% year on year).
July 27, 2022
At its 27 July meeting, the Central Bank of Costa Rica (BCCR) raised rates by 200 basis points—the largest hike on record—bringing the monetary policy rate to 7.50%.
July 13, 2022
Economic activity grew 3.6% in annual terms during May, down from April's 5.0% increase.
July 7, 2022
Consumer prices increased 1.78% in June over the previous month, picking up from May's 1.44% rise.
June 28, 2022
Growth moderated in the first quarter, with GDP expanding 6.0% on an annual basis (Q4 2021: +9.3% year on year).