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.