Inflation in Costa Rica

Costa Rica Inflation | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)5.2  4.5  0.8  0.0  1.6  

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Costa Rica Inflation Chart

Costa Rica Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Costa Rica Central Bank and FocusEconomics calculations.

Costa Rica Facts

Exchange Rate594.0-0.57 %Oct 12

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