Inflation in Costa Rica
Costa Rica - Inflation
Inflation is steady in September
Consumer prices rose 0.22% in September compared to the previous month, marking a contrast with the 0.07% fall logged in August. According to the National Institute of Statistics and Census (INEC), September’s increase came on the back of higher prices for furniture, household goods and domestic services, which more than outweighed cheaper clothing and footwear.
Inflation was unchanged at August’s 2.2% in September, remaining close to the lower bound of the Central Bank’s 2.0%–4.0% target range. Meanwhile, annual average inflation was also unchanged in September, at 2.3%.
Costa Rica Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to end this year at 2.8%, which is down 0.2 percentage points from last month's forecast. In 2019, the panel sees inflation ending the year at 3.0%, which is up 0.1 percentage points from last month’s forecast.
Costa Rica - Inflation Data
|Inflation Rate (CPI, annual variation in %)||5.2||4.5||0.8||0.0||1.6|
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||594.0||-0.57 %||Oct 12|
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October 5, 2018
Consumer prices rose 0.22% in September compared to the previous month, marking a contrast with the 0.07% fall logged in August.
September 28, 2018
The economy grew at the fastest rate in a year in the second quarter of 2018, according to the Central Bank of Costa Rica.
September 11, 2018
In July, annual growth in economic activity accelerated to 3.7% from a substantially-revised 3.6% in June (previously reported: +4.2% year-on-year).
August 10, 2018
In June, annual growth in economic activity accelerated to 4.2% from a revised 4.0% in May (previously reported: +4.4% year-on-year), according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Económica) published by the Central Bank of Costa Rica (BCCR).
August 8, 2018
Consumer prices rose 0.28% in July compared to the previous month, up from June’s 0.18% increase.