Latest reading: Consumer prices rose 31.8% on a year-on-year basis in September, following a 33.6% rise in the previous month...
Inflation in Costa Rica
Consumer price inflation in Costa Rica averaged 2.0% in the ten years to 2024, in line with the Central America and Caribbean regional average of 3.2%. The 2024 average figure was -0.4%. For more information on inflation, visit our dedicated page.
Costa Rica Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Costa Rica from 2025 to 2016.
Source: Macrobond.
Costa Rica Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.7 | 1.7 | 8.3 | 0.5 | -0.4 |
| Inflation (CPI, ann. var. %, eop) | 0.9 | 3.3 | 7.9 | -1.8 | 0.8 |
| Inflation (PPI, ann. var. %, eop) | 2.7 | 13.9 | 8.1 | -5.7 | -1.1 |
Consumer prices record biggest fall in over one year in August
Latest reading: Consumer prices declined 0.9% on an annual basis in August, after July’s 0.6% fall. August's result represented the largest fall in consumer prices since March 2024. Looking at the details of the release, prices for food and non-alcoholic beverages fell at a steeper rate in August. In contrast, prices for transportation dropped at a more moderate pace. Meanwhile, annual average inflation fell to 0.2% in August (July: 0.3%). Finally, consumer prices dropped 0.21% in August over the previous month, a softer drop than the 0.52% fall seen in July.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Costa Rican inflation projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Costa Rican inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Costa Rican inflation projections.
Want to get access to the full dataset of Costa Rican inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Argentina: Inflation eases in September from August -
China: Fall in consumer prices softens in September Latest reading: Consumer prices declined 0.3% on a year-on-year basis in September, following a 0.4% fall in the prior month.... -
Switzerland: Inflation stabilizes in September from the prior month Latest reading: Consumer prices rose 0.2% in annual terms in September, unchanged from the previous month’s reading but below market... -
Romania: Inflation rises in September Latest reading: Consumer prices increased 9.9% on a year-on-year basis in September, following a 9.8% rise in the previous month.... -
Russia: Inflation decelerates in September from the prior month Latest reading: Consumer prices were up 8.0% in annual terms in September, following a 8.1% rise in the prior month.... -
Belarus: Inflation decelerates in September from the prior month Latest reading: Consumer prices increased 7.1% in annual terms in September, following a 7.2% increase in the prior month. Relative... -
Denmark: Inflation rises in September Latest reading: Consumer prices were up 2.3% in annual terms in September, following a 2.0% increase in the prior month....