Inflation in Costa Rica
Costa Rica - Inflation
Inflation continues to climb in January
Consumer prices increased over the previous month in January, clocking in a 0.18% rise, easing from December’s 0.53% growth. The result reflected higher prices for transport, education, as well as for food and non-alcoholic beverages. The overall increase was capped by lower prices for rent and housing services.
Inflation climbed up to 1.0% in January (December: 0.9%), the highest rate since March 2020. Meanwhile, the trend was unchanged with annual average inflation coming in at December’s 0.7%.
FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 2.4%, which is down 0.1 percentage points from last month's forecast, and 2022 at 2.8%.
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: Decline in economic activity softens notably in December
February 15, 2021
Economic activity slid 4.7% year-on-year in December (November: -5.3%).
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Costa Rica: Inflation continues to climb in January
February 5, 2021
Consumer prices increased over the previous month in January, clocking in a 0.18% rise, easing from December’s 0.53% growth.
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Costa Rica: Central Bank maintains monetary policy at January meeting
January 27, 2021
At its meeting on 27 January, the Central Bank of Costa Rica opted to leave the monetary policy rate at its record low of 0.75%, having cut it from 1.25% on 17 June last year.
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Costa Rica: Inflation climbs in December
January 12, 2021
Consumer prices increased over the previous month in December, clocking in a 0.53% rise, notably up from November’s flat reading and marking a 17-month high.
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Costa Rica: Contraction in economic activity eases further in November
January 12, 2021
Economic activity continued to shrink in November, although at 6.5% year-on-year it is the mildest contraction since March, following October’s 6.6% drop.
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