Costa Rican beach from above

Inflation in Costa Rica

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

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