Inflation in Costa Rica
Costa Rica - Inflation
Inflation picks up in August
Consumer prices increased 0.28% in August over the previous month, contrasting the 0.21% fall seen in July. The reading was driven by rising prices for food and non-alcoholic beverages and transportation.
Meanwhile, inflation came in at 1.7% in August, up from July’s 1.4%. As such, annual average inflation ticked up to 1.0% in August (July: 0.8%).
FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 2.0%, which is down 0.1 percentage points from last month's forecast, and 2022 at 2.4%.
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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September 30, 2021
GDP rebounded at the quickest pace in over 23 years in the second quarter of 2021 (Q2: +9.4% yoy; Q1: -2.1% yoy), according to rebased national accounts data, with the new base year referring to 2017 prices.
September 15, 2021
At its 15 September meeting, the Central Bank of Costa Rica kept the monetary policy rate unchanged at its record low of 0.75%—where it has been for over a year.
September 10, 2021
The economy gained further momentum in June, with economic activity rising 8.1% in annual terms, following May's 8.0% increase and marking the strongest growth since April 2007.
September 9, 2021
Consumer prices increased 0.28% in August over the previous month, contrasting the 0.21% fall seen in July.
August 13, 2021
Consumer prices dropped 0.21% in July over the previous month, contrasting the 0.54% increase recorded in June.