The annual inflation rate in Costa Rica fell to 0.61 percent in May 2020 from 0.89 percent in the previous month. It was the lowest inflation rate since November 2016. On a monthly basis, consumer prices went down 0.16 percent, after declining 0.16 percent, as food & beverages prices dropped 0.37 percent led by a 4.62 percent drop in eggs.
Inflation Rate in Costa Rica averaged 13.89 percent from 1977 until 2020, reaching an all time high of 108.89 percent in September of 1982 and a record low of -1.20 percent in November of 2015. This page provides - Costa Rica Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Costa Rica Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Inflation Rate in Costa Rica is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Costa Rica to stand at 1.40 in 12 months time. In the long-term, the Costa Rica Inflation Rate is projected to trend around 2.10 percent in 2021 and 2.70 percent in 2022, according to our econometric models.