The annual inflation rate in Costa Rica fell to 2.53 percent in September of 2019 from 2.89 percent in the previous month. Prices eased for food & non-alcoholic beverages (1.73 percent vs 2.21 percent in August); transport (1.69 percent vs 3.15 percent); housing & utilities (2.42 percent vs 3.50 percent); furniture & household equipment (2.33 percent vs 2.81 percent) and health (5.36 percent vs 6.00 percent). On the other hand, inflation was steady for restaurants & hotels (at 1.65 percent) while prices advanced faster for miscellaneous goods & services prices (4.80 percent vs 4.49 percent) and alcoholic beverages & tobacco (4.39 percent vs 3.53 percent). On a monthly basis, consumer prices went down 0.10 percent, the same pace as in August. Inflation Rate in Costa Rica averaged 14.08 percent from 1977 until 2019, 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.
Inflation Rate in Costa Rica is expected to be 3.10 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 2.90 in 12 months time. In the long-term, the Costa Rica Inflation Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.