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Costa Rica Inflation

Costa Rica Inflation

Inflation in Costa Rica

Consumer price inflation averaged 2.7% in the ten years to 2022 in Costa Rica, below the Central America and Caribbean average of 3.4%. The 2022 average figure was 8.3%. For more inflation information, visit our dedicated page.

Costa Rica Inflation Chart

Note: This chart displays Inflation Rate (CPI, annual variation in %) for Costa Rica from 2022 to 2016.
Source: Macrobond.

Costa Rica Inflation Data

2019 2020 2021 2022 2023
Inflation (CPI, ann. var. %, aop) 2.1 0.7 1.7 8.3 0.5
Inflation (CPI, ann. var. %, eop) 1.5 0.9 3.3 7.9 -1.8
Inflation (PPI, ann. var. %, eop) -0.3 2.7 13.9 8.1 -5.7

Consumer prices unchanged in June

Consumer prices were unchanged on an annual basis in June, after posting a 0.3% decrease in May. Looking at the details of the release, transportation prices fell at a slower pace in June. That said, food prices fell at a steeper rate. The annual average variation of consumer prices edged up to minus 1.5% in June (May: -1.6%). Finally, consumer prices rose 0.14% over the previous month in June, picking up from May's 0.08% rise.

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

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