Costa Rica Inflation
Consumer prices decline again in July
Consumer prices fell 2.3% in annual terms in July, a larger decrease compared to June’s 1.0% year-on-year fall. The sharper fall was largely due to food prices falling for the first time since September 2020, coupled with a sharper decline in transportation prices.
Accordingly, the trend pointed down, with annual average inflation coming in at 5.3% in July (June: 6.5%).
Finally, consumer prices fell 0.19% from the previous month in July, a sharper drop than the 0.16% drop logged in June. July’s result marked the weakest reading since April.
Costa Rica Inflation Chart
This chart displays Inflation Rate (CPI, annual variation in %) for Costa Rica from 2013 to 2022.
Costa Rica Inflation Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 2.2 | 2.1 | 0.7 | 1.7 | 8.3 |
| Inflation (CPI, ann. var. %, eop) | 2.0 | 1.5 | 0.9 | 3.3 | 7.9 |
| Inflation (PPI, ann. var. %, eop) | 4.3 | -0.3 | 2.7 | 13.9 | 8.1 |