Costa Rica's annual consumer price inflation picked up to 0.89 percent in December of 2020 from 0.24 percent in the previous month. It was the highest inflation rate since April, driven by prices of food & non-alcoholic beverages (3.76 percent vs 0.78 percent in November); alcoholic beverages & tobacco (2.09 percent vs 1.92 percent); recreation & culture (2.05 percent vs 0.94 percent) and health (1.36 percent vs 1.03 percent).On a monthly basis, consumer prices inched up 0.53 percent, the most since July of 2019, after being flat in the previous month. source: Instituto Nacional de Estadística y Censos de Costa Rica

Inflation Rate in Costa Rica averaged 13.71 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 January of 2021.

Inflation Rate in Costa Rica is expected to be 0.60 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 1.30 in 12 months time. In the long-term, the Costa Rica Inflation Rate is projected to trend around 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
0.89 0.24 108.89 -1.20 1977 - 2020 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-10-08 02:30 PM Sep 0.30% -0.07% 0.1%
2020-11-06 05:00 PM Oct 0.45% 0.30% 0.4%
2020-12-07 05:00 PM Nov 0.24% 0.45% 0.5%
2021-01-08 05:00 PM Dec 0.89% 0.24% 0.4%
2021-02-08 04:00 PM Jan 0.89%
2021-03-05 04:00 PM Feb
2021-04-07 05:30 PM Mar
2021-05-07 09:00 PM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Costa Rica December Inflation Rate Hits 8-Month High
Costa Rica's annual consumer price inflation picked up to 0.89 percent in December of 2020 from 0.24 percent in the previous month. It was the highest inflation rate since April, driven by prices of food & non-alcoholic beverages (3.76 percent vs 0.78 percent in November); alcoholic beverages & tobacco (2.09 percent vs 1.92 percent); recreation & culture (2.05 percent vs 0.94 percent) and health (1.36 percent vs 1.03 percent).On a monthly basis, consumer prices inched up 0.53 percent, the most since July of 2019, after being flat in the previous month.
2021-01-08
Costa Rica Inflation Rate Drops to 0.2% in November
Costa Rica's annual consumer price inflation eased to 0.24 percent in November of 2020 from 0.45 percent in the previous month. Prices slowed mostly for transport (0.55 percent vs 1.68 percent in October); health (1.03 percent vs 1.30 percent) and recreation & culture (0.94 percent vs 1.61 percent). In addition, costs decreased for clothing & footwear (-2.51 percent vs -2.08 percent); education (-1.03 percent vs -0.47 percent) and communication (-0.40 percent vs -0.50 percent). On the other hand, prices advanced faster for food & non-alcoholic beverages (0.78 percent vs 0.31 percent) and alcoholic beverages & tobacco (1.92 percent vs 1.72 percent). On a monthly basis, consumer prices were flat, after increasing 0.08 percent in the previous month.
2020-12-07
Costa Rica October Inflation Rate Hits 5-Month High
Costa Rica's annual consumer price inflation rose to 0.45 percent in October of 2020 from 0.30 percent in September, reaching its highest level in five months. Main upward pressure came from prices of food (0.31 percent vs -0.33 percent in September); transport (1.68 percent vs 0.67 percent) and health (1.30 percent vs 1.09 percent). On a monthly basis, consumer prices were up 0.08 percent, after increasing 0.27 percent in the previous month.
2020-11-06
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 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.