Cost of food in Costa Rica increased 2.71 percent in July of 2019 over the same month in the previous year. Food Inflation in Costa Rica averaged 5.69 percent from 2007 until 2019, reaching an all time high of 27.74 percent in September of 2008 and a record low of -2.30 percent in November of 2016.
Food Inflation in Costa Rica is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Costa Rica to stand at 2.10 in 12 months time. In the long-term, the Costa Rica Food Inflation is projected to trend around 2.60 percent in 2020, according to our econometric models.