The annual inflation rate in Costa Rica fell to 1.52 percent in December 201 from 1.86 percent in the prior month. It was the lowest inflation rate since March, amid slowing prices of food & non-alcoholic beverages (0.47 percent vs 1.84 percent in November); furnishings (1.31 percent vs 1.82 percent); recreation & culture (1.17 percent vs 3.16 percent) and alcoholic beverages & tobacco (0.95 percent vs 3.18 percent). Also, cost fell for transport (-0.60 percent vs -1.73 percent) and clothing & footwear (-1.13 percent vs -0.91 percent). In contrast, inflation edged higher mostly for housing & utilities (3.47 percent vs 3.11 percent) and restaurants & hotels (2.05 percent vs 1.73 percent). On a monthly basis, consumer prices edged down 0.12 percent, after increasing 0.21 percent in the previous month.

Inflation Rate in Costa Rica averaged 14.01 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. 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 3.00 percent in 2020, according to our econometric models.


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Costa Rica Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.52 1.86 108.89 -1.20 1977 - 2019 percent Monthly
2015=100

Calendar GMT Actual Previous Consensus TEForecast
2019-10-07 04:00 PM Sep 2.53% 2.86% 2.8%
2019-11-07 04:50 PM Oct 2.07% 2.53% 2.6%
2019-12-06 04:30 PM Nov 1.86% 2.07% 2%
2020-01-08 04:30 PM Dec 1.52% 1.86% 1.8%
2020-02-07 04:15 PM Jan 1.52% 1.7%


News Stream
2019-12-06
Costa Rica Inflation Rate Falls to 8-Month Low
The annual inflation rate in Costa Rica fell to 1.86 percent in November 2019 from 2.07 percent in the previous month. It was the lowest inflation rate since March, as prices eased for housing & utilities (3.11 percent vs 3.26 percent in October); furnishings (1.82 percent vs 2.35 percent); restaurants & hotels (1.73 percent vs 1.86 percent); recreation & culture (3.16 percent vs 3.86 percent); miscellaneous goods & services (4.52 percent vs 5.23 percent); education (4.32 percent vs 4.43 percent); health (5.08 percent vs 5.30 percent); and alcoholic beverages & tobacco (3.18 percent vs 3.95 percent). Also, cost dropped further for transport (-1.73 percent vs -1.15 percent); and clothing & footwear (-0.91 percent vs -0.88 percent). Meanwhile, cost of food & non-alcoholic beverages rose at a faster pace (1.84 percent vs 1.65 percent). On a monthly basis, consumer prices went up 0.21 percent, rebounding from a 0.07 percent fall in October.

2019-11-07
Costa Rica Inflation Rate at 6-Month Low of 2.1%
The annual inflation rate in Costa Rica decreased to 2.07 percent in October of 2019 from 2.53 percent in the previous month. It was the lowest inflation rate since April, as prices slowed for food & non-alcoholic beverages (1.65 percent vs 1.73 percent in September); recreation & culture (3.86 percent vs 4.36 percent); alcoholic beverages & tobacco (3.95 percent vs 4.39 percent) and health (5.30 percent vs 5.36 percent). In addition, cost fell for transport (-1.15 percent vs 1.69 percent). Meanwhile, inflation quickened for housing & utilities (3.26 percent vs 2.42 percent); furnishings (2.35 percent vs 2.33 percent); restaurants & hotels (1.86 percent vs 1.65 percent) and miscellaneous goods & services (5.23 percent vs 4.80 percent). On a monthly basis, consumer prices went down 0.1 percent, the same pace as in the previous month.

2019-10-08
Costa Rica Inflation Rate Slows to 3-Month Low
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.

2019-09-06
Costa Rica August Inflation Rate Eases to 2.86%
The annual inflation rate in Costa Rica fell to 2.86 percent in August 2019 from an over four-year high of 2.89 percent in the previous month. Prices eased for food & non-alcoholic beverages (2.21 percent vs 2.70 percent in July); housing & utilities (3.50 percent vs 3.69 percent); miscellaneous goods & services (4.49 percent vs 4.74 percent); restaurants & hotels (1.65 percent vs 1.86 percent); and alcoholic beverages & tobacco (3.53 percent vs 4.01 percent). Additionally, cost of communication declined further (-0.93 percent vs -0.76 percent). On a monthly basis, consumer prices went down 0.10 percent, after increasing 0.73 percent in the prior month.

2019-08-08
Costa Rica Inflation Rate Highest since 2015
The annual inflation rate in Costa Rica picked up to 2.89 percent in July 2019, the highest since March 2015, from 2.42 percent in the prior month. Main upward pressure came from food & non-alcoholic beverages (2.70 percent vs 1.51 percent in June), housing & utilities (3.69 percent vs 3.05 percent), health (5.78 percent vs 3.75 percent) and alcoholic beverages & tobacco (4.01 percent vs 3.52 percent). Meanwhile, cost slowed for transport (2.87 percent vs 3.69 percent). On a monthly basis, consumer prices inched up 0.73 percent, after rising 0.27 percent in the preceding month.

2019-07-05
Costa Rica Inflation Rate Rises to 15-Month High
The annual inflation rate in Costa Rica increased to 2.42 percent in June 2019, the highest since March 2018, from 2.32 percent in the previous month. Main upward pressure came from food & non-alcoholic beverages (1.51 percent vs 0.56 percent), transportation (3.69 percent vs 4.97 percent); and housing & utilities (3.05 percent vs 3.29 percent) On a monthly basis, consumer prices were up 0.27 percent after a 0.14 percent gain in May.


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.

Costa Rica Prices Last Previous Highest Lowest Unit
Inflation Rate 1.52 1.86 108.89 -1.20 percent [+]
Consumer Price Index CPI 106.11 106.24 106.30 0.50 points [+]
Producer Prices 115.59 115.89 373.75 56.31 points [+]
Inflation Expectations 3.20 3.30 12.92 3.20 percent [+]
Inflation Rate Mom -0.12 0.21 10.73 -1.70 percent [+]
Food Inflation 0.47 1.84 27.74 -2.30 percent [+]
Cpi Housing Utilities 109.80 109.64 109.82 49.12 points [+]
CPI Transportation 106.04 106.63 108.51 64.82 points [+]