The annual inflation rate in Costa Rica rose to 1.58 percent in January 2020 from 1.52 percent in the previous month. Prices advanced further for housing & utilities (4.31 percent vs 3.47 percent in December); furnishings (1.33 percent vs 1.31 percent); recreation & culture (1.61 percent vs 1.17 percent); and alcoholic beverages & tobacco (1.60 percent vs 0.95 percent). Additionally, cost of transport increased 0.07 percent, after declining 0.60 percent in December. In contrast, prices dropped for food & non-alcoholic beverages (-0.34 percent vs 0.47 percent) and continued to fall for clothing & footwear (-1.27 percent vs -1.13 percent). Also, cost of restaurants & hotels eased (1.83 percent vs 2.05 percent). On a monthly basis, consumer prices went up 0.11 percent, rebounding from a 0.12 percent fall in December.
Inflation Rate in Costa Rica averaged 13.98 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.
Inflation Rate in Costa Rica is expected to be 1.80 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 2.80 in 12 months time. In the long-term, the Costa Rica Inflation Rate is projected to trend around 2.80 percent in 2021 and 3.00 percent in 2022, according to our econometric models.