Costa Rica's consumer prices went up 0.30 percent over a year earlier in September of 2020, following a 0.07 percent drop in August, as transport prices rebounded (0.67 percent vs -1.08 percent). In addition, costs advanced faster mostly for recreation & culture (1.72 percent vs 0.79 percent in August); health (1.09 percent vs 0.79 percent) and furnishings (0.23 percent vs 0.13 percent). By contrast, cost continued to decrease for food (-0.33 percent vs -0.25 percent); clothing & footwear (-1.90 percent vs -2.02 percent); communications (-0.39 percent vs -0.80 percent) and education (-0.25 percent vs -0.86 percent). On a monthly basis, consumer prices were up 0.27 percent, after being unchanged in the previous month.

Inflation Rate in Costa Rica averaged 13.78 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 October of 2020.

Inflation Rate in Costa Rica is expected to be 0.40 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 1.00 in 12 months time. In the long-term, the Costa Rica Inflation Rate is projected to trend around 1.30 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Costa Rica Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.30 -0.07 108.89 -1.20 1977 - 2020 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-07-07 06:00 PM Jun 0.31% 0.61% 0.7%
2020-08-07 10:00 PM Jul -0.17% 0.31% -0.2%
2020-09-07 04:00 PM Aug -0.07% -0.17% -0.1%
2020-10-08 02:30 PM Sep 0.30% -0.07% 0.1%
2020-11-06 04:50 PM Oct 0.30%
2020-12-07 04:30 PM Nov


News Stream
Costa Rica CPI Rebounds in September
Costa Rica's consumer prices went up 0.30 percent over a year earlier in September of 2020, following a 0.07 percent drop in August, as transport prices rebounded (0.67 percent vs -1.08 percent). In addition, costs advanced faster mostly for recreation & culture (1.72 percent vs 0.79 percent in August); health (1.09 percent vs 0.79 percent) and furnishings (0.23 percent vs 0.13 percent). By contrast, cost continued to decrease for food (-0.33 percent vs -0.25 percent); clothing & footwear (-1.90 percent vs -2.02 percent); communications (-0.39 percent vs -0.80 percent) and education (-0.25 percent vs -0.86 percent). On a monthly basis, consumer prices were up 0.27 percent, after being unchanged in the previous month.
2020-10-08
Costa Rica Consumer Prices Fall for 2nd Month
Costa Rica’s consumer prices fell 0.07 percent over a year earlier in August 2020, following a 0.17 percent decline in the previous month. It was the second consecutive decline in consumer prices, as cost continued to drop for food & non-alcoholic beverages (-0.25 percent vs -1.49 percent in July); transport (-1.08 percent vs -1.94 percent); clothing & footwear (-2.02 percent vs -1.72 percent); and communications (-1.08 percent vs -1.94 percent). Also, education prices decreased (-0.86 percent vs 3.34 percent). In addition, cost slowed for furnishings & household equipment (0.13 percent vs 0.43 percent); health (0.79 percent vs 0.84 percent); and hotels & restaurants (0.15 percent 0.18 percent). On a monthly basis, consumer prices were unchanged, after rising 0.26 percent in the prior month.
2020-09-07
Costa Rica Inflation Rate Lowest Since 2016
The annual inflation rate in Costa Rica fell to 0.31 percent in June of 2020 from 0.61 percent in the previous month. It was the lowest inflation rate since June of 2016. On a monthly basis, consumer prices went down 0.02 percent, after declining 0.16 percent.
2020-07-07
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 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.