Latest reading: Inflation fell to 1.9% in May from April’s 2.0%, due to weaker price pressures for food, transport and...
Inflation in Costa Rica
Consumer price inflation in Costa Rica averaged 4.5% in the ten years to 2024, in line with the Central America and Caribbean regional average of 4.5%. 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 2024 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 fall for the first time since November 2024 in May
Latest reading: Consumer prices fell 0.1% on an annual basis in May, swinging from April’s 0.4% increase. May's result marked the first decline in consumer prices since November 2024. Looking at the details of the release, prices for food plus housing increased at a weaker pace in May. Moreover, prices for transportation dropped at a sharper rate. The trend was unchanged, with annual average inflation coming in at April's 0.3% in May. Finally, consumer prices dropped 0.40% from the previous month in May, a smaller fall than the 0.51% drop seen in April.
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 17 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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Hong Kong: Inflation moderates in May -
Canada: Inflation remains on target in May Latest reading: Inflation came in at 1.7% in May, matching April’s reading and market expectations, and comfortably within the Central... -
Japan: Inflation declines to lowest level since November 2024 in May Latest reading: Inflation ticked down to 3.5% in May, from April’s 3.6%. May’s reading marked the weakest inflation rate since... -
Lithuania: Harmonized inflation dips in May Latest reading: Harmonized inflation came in at 3.0% in May, down from April’s 3.6%. May’s figure represented the weakest inflation... -
Netherlands: Harmonized inflation falls in May Latest reading: Harmonized inflation came in at 2.9% in May, which was down from April’s 4.1%. May’s reading represented the... -
Estonia: Harmonized inflation rises in May Latest reading: Harmonized inflation increased to 4.6% in May, following April’s 4.4%. The reading was driven by stronger price pressures... -
Austria: Harmonized inflation falls to lowest level since December 2024 in May Latest reading: Harmonized inflation came in at 3.0% in May, down from April’s 3.3%. May’s reading represented the lowest inflation...