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
| 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: GDP growth accelerates to over 23-year high in Q2, partly on favorable base effect
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.
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Costa Rica: Central Bank stands pat in September
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.
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Costa Rica: Economic activity grows at quickest pace in over 14 years in June
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.
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Costa Rica: Inflation picks up in August
September 9, 2021
Consumer prices increased 0.28% in August over the previous month, contrasting the 0.21% fall seen in July.
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Costa Rica: Inflation drops in July
August 13, 2021
Consumer prices dropped 0.21% in July over the previous month, contrasting the 0.54% increase recorded in June.
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