Inflation in Costa Rica
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 |
Costa Rica Inflation Chart
Source: Costa Rica Central Bank and FocusEconomics calculations.
Costa Rica Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 610.3 | -0.57 % | Feb 14 |
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Economic News
Costa Rica: Economic activity growth slows for seventh month running
February 11, 2019
Cyclically-adjusted annual economic growth slowed to 1.8% in December from 1.9% in November, representing the lowest growth rate since December 2013.
Costa Rica: Inflation falls below Central Bank target range in January
February 8, 2019
Consumer prices rose 0.05% in January compared to the previous month, down from 0.21% in December.
Costa Rica: Economic activity growth slows in November for sixth month running
January 11, 2019
Working-day adjusted annual growth in economic activity slowed to 1.9% in November from 2.1% in October, representing the lowest growth rate since December 2013.
Costa Rica: Inflation slows in December
January 8, 2019
Consumer prices rose 0.21% in December compared to the previous month, down from 0.42% in November.
Costa Rica: Economic growth slows to an over five-year low in the third quarter
December 21, 2018
The economy grew at a substantially slower pace in the third quarter of 2018, according to the Central Bank.
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