Inflation in Costa Rica
Costa Rica - Inflation (end of period)
Inflation increases in October
Consumer prices rose 0.49% in October over the previous month, moderating from September's 0.63% rise. Looking at the details of the release, housing prices swung into contraction in October compared to the previous month, while price pressures for transportation picked up pace.
Inflation came in at 2.5% in October, which was up from September’s 2.1%. October's result marked the highest inflation rate since September 2019. Lastly, annual average inflation rose to 1.3% in October (September: 1.1%).
FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 1.9%, which is up 0.1 percentage points from last month's forecast, and 2022 at 2.4%.
Costa Rica - Inflation (eop) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %, eop) | -0.8 | 0.8 | 2.6 | 2.0 | 1.5 |
Costa Rica Inflation (eop) 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: Economic activity growth slows for fourth month running in November
January 11, 2022
Economic activity grew 9.8% terms in November, which followed October’s 10.5% increase and again marked the softest expansion since April.
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Costa Rica: Economy records best result since Q3 1992 in the third quarter
December 30, 2021
GDP growth improved to 12.1% year-on-year in the third quarter from 9.7% in the second quarter, marking the best result since Q3 1992.
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Costa Rica: Central Bank raises policy rate from its record low in December
December 15, 2021
At its last meeting of the year held on 15 December, the Central Bank of Costa Rica (BCCR) raised the monetary policy rate by 50 basis points to 1.25% from its record low of 0.75%—where it had been since June 2020. The Bank noted robust economic growth in recent months, but mainly cited concerns over persistent global supply chain bottlenecks as potential drivers of further increases in price pressures.
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Costa Rica: Economic activity growth ebbs in September
November 11, 2021
Economic activity rose 11.5% terms in September, which was a deterioration from August's 11.9% increase.
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Costa Rica: Inflation increases in October
November 5, 2021
Consumer prices rose 0.49% in October over the previous month, moderating from September's 0.63% rise.
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