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.

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Costa Rica Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.61 0.89 108.89 -1.20 1977 - 2020 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-03-06 04:00 PM Feb 1.79% 1.58% 1.7%
2020-04-07 05:30 PM Mar 1.91% 1.79% 1.7%
2020-05-08 09:00 PM Apr 0.89% 1.91% 1.7%
2020-06-05 10:00 PM May 0.61% 0.89% 1%
2020-07-07 06:00 PM Jun 0.61% 0.7%
2020-08-07 06:00 PM Jul
2020-09-07 04:00 PM Aug
2020-10-07 04:00 PM Sep 0.9%


News Stream
Costa Rica Inflation Rate Falls Further
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 the prices of eggs.
2020-06-05
Costa Rica April Inflation Rate Falls to Over 3-Year Low
The annual inflation rate in Costa Rica fell to 0.89 percent in April 2020 from 1.91 percent in the previous month. It was the lowest inflation rate since January 2017, as cost of transport dropped (-2.11 percent vs 0.89 percent in March) due to a fall in oil prices. Also, cost slowed for food & non-alcoholic beverages (0.89 percent vs 1.84 percent); housing & utilities (2.21 percent vs 4.10 percent); miscellaneous goods & services (3.98 percent vs 4.3 percent); recreation & culture (0.61 percent vs 0.96 percent); restaurants & hotels (0.48 percent vs 1.35 percent); health (3.25 percent vs 4.10 percent) and education (4.06 percent vs 4.13 percent). Additionally, prices of clothing & footwear declined further (-2.44 percent vs -2.23 percent). On a monthly basis, consumer prices went down 0.08 percent, after increasing 0.37 percent in the prior month.
2020-05-08
Costa Rica Inflation Rate Rises to 5-Month High in March
The annual inflation rate in Costa Rica rose to 1.91 percent in March 2020 from 1.79 percent in the previous month. Prices advanced further for food & non-alcoholic beverages (1.84 percent vs 1.01 percent in February); transport (0.89 percent vs 0.84 percent); miscellaneous goods & services (4.3 percent vs 3.91 percent); recreation & culture (0.96 percent vs 0.41 percent); and alcoholic beverages & tobacco (1.84 percent vs 1.01 percent). Meanwhile, cost slowed for housing & utilities (4.10 percent vs 4.33 percent); furnishings (0.69 percent vs 1.35 percent); restaurants & hotels (1.35 percent vs 1.64 percent); health (4.10 percent vs 4.25 percent) and education (4.13 percent vs 4.20 percent). Also, prices of clothing & footwear continued to fall (-2.23 percent vs -1.72 percent). On a monthly basis, consumer prices went up 0.37 percent, easing from a 0.4 percent gain in the prior month.
2020-04-07
Costa Rica Inflation Rate Rises to 3-Month High in February
The annual inflation rate in Costa Rica increased to 1.79 percent in February 2020 from 1.58 percent in the previous month. Cost of food & non-alcoholic beverages rebounded (-0.34 percent vs 0.47 percent in January); and prices went up further for transport (0.84 percent vs 0.07 percent); housing & utilities (4.33 percent vs 4.31 percent); furnishings (1.35 percent vs 1.33 percent); and alcoholic beverages & tobacco (1.87 percent vs 1.60 percent). In contrast, cost slowed for restaurants & hotels (1.64 percent vs 1.83 percent); recreation & culture (0.41 percent vs 1.61 percent); health (4.25 percent vs 4.41 percent) and education (4.20 percent vs 4.61 percent). Also, prices of clothing & footwear continued to fall (-1.72 percent vs -1.27 percent). On a monthly basis, consumer prices went up 0.4 percent, after rising 0.11 percent in January.
2020-03-06

Costa Rica Inflation Rate
In Costa Rica, the main components of the consumer price index are: Food and Non-Alcoholic Beverages (19 percent of the total weight); Transportation (18 percent) and Rent and Household Services (11 percent). Furniture and Household Equipment account for 9 percent; Restaurants and Hotels for 8.6 percent; Entertainment and Culture for 7 percent and Miscellaneous Goods and Services for 6 percent. Others include: Education (5.9 percent); Clothing and Footwear (5.8 percent); Health Care (5 percent); Communications (4 percent) and Alcoholic Beverages and Tobacco (1 percent). The national index has a base of 100 as of July 2006. The CPI reflects the prices and spending patterns registered in the 114 urban districts of the country.