Latest reading: Consumer prices rose 2.5% in annual terms in July, following a 2.6% rise in the prior month. Relative...
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 2014 to 2025.
Source: Macrobond.
Costa Rica Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 1.7 | 8.3 | 0.5 | -0.4 | -0.1 |
| Inflation (CPI, ann. var. %, eop) | 3.3 | 7.9 | -1.8 | 0.8 | -1.2 |
| Inflation (PPI, ann. var. %, eop) | 13.9 | 8.1 | -5.7 | -1.1 | 0.2 |
Consumer prices fall at the softest pace in a year in June
Latest reading: Consumer prices declined 0.3% on a year-on-year basis in June, following a 1.0% decline in the prior month. June's reading was the highest in a year. Relative to the prior month's figures, there were higher price pressures for food and non-alcoholic beverages (-3.7% in annual terms vs -3.9% in May), transportation (+4.3% vs +0.6% in May) and housing (-0.8% vs -1.2% in May). Lastly, consumer prices rose 0.71% in June on a month-on-month basis, following a 0.27% increase in the previous month.
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 20 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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