Inflation in Costa Rica
Costa Rica - Inflation
Inflation drops to lowest level since January 2017
Consumer prices fell 0.44% in April over the previous month, coming in below the 0.03% fall in March. April's result marked the sharpest fall in prices since September 2016. The drop was primarily due to reduced price pressures for food and non-alcoholic beverages, and transportation.
Inflation eased to 0.9% in April, down from 1.9% in March. April's result was the weakest since January 2017. Annual average inflation edged down to 2.0% in April (March: 2.2%).
FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 1.6%, which is up 0.1 percentage points from last month's forecast, and 2021 at 2.8%.
Costa Rica - Inflation Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 4.5 | 0.8 | 0.0 | 1.6 | 2.2 |
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: Economy records slowest expansion since November 2009 in March
May 12, 2020
Economic activity increased 0.9% in year-in-year terms in March, which followed February's 1.3% increase.
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Costa Rica: Inflation drops to lowest level since January 2017
May 7, 2020
Consumer prices fell 0.44% in April over the previous month, coming in below the 0.03% fall in March.
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Costa Rica: Central Bank leaves key interest rate unchanged in April
April 29, 2020
At its monetary policy meeting on 29 April, the Central Bank of Costa Rica (BCCR) left the monetary policy rate (MPR) unchanged at 1.25%, where it has been since being cut by 25 basis points on 16 March to help mitigate the negative economic effects of the coronavirus pandemic and associated social distancing measures. This comes after the BCCR estimated on 24 April that the Costa Rican economy would contract 3.6% this year, with the greatest contractions in the second and third quarters, followed by a recovery in 2021 of 2.3%.
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Costa Rica: Economic activity growth accelerates slightly in February
April 8, 2020
Annual economic growth in cyclically-adjusted terms accelerated mildly to 2.7% in February from the revised 2.6% reading in January (previously reported: +2.5% year-on-year). February’s result was supported by healthy growth in the manufacturing sector and information and communication technology sector.
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Costa Rica: Inflation accelerates slightly in March
April 8, 2020
Consumer prices decreased 0.03% in March compared to the previous month, contrasting the 0.29% in increase in February.
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