Inflation in Costa Rica

Costa Rica Inflation | Economic News & Forecasts

Costa Rica - Inflation

Inflation falls below Central Bank target range in January

Consumer prices rose 0.05% in January compared to the previous month, down from 0.21% in December. According to the National Institute of Statistics and Census (INEC), January’s price rise came on the back of higher prices for rent and housing services, in addition to more expensive education. On the other hand, lower prices for food and non-alcoholic beverages, transport, and alcoholic beverages and cigarettes weighed on the overall reading in January.

Inflation moderated to 1.7% in January from 2.0% in December, which is below the Central Bank’s 2.0%–4.0% target range and the lowest reading since September 2017. Annual average inflation held steady at 2.2% in January.

Costa Rica Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to end this year at 3.2%, which is unchanged from last month's forecast. In 2019, the panel sees inflation ending the year at 3.1%, which is also unchanged 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 Rate610.3-0.57 %Feb 14

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