Costa Rica Inflation Rate at 2023-Lows

2026-03-06 17:56 By Larissa Caser 1 min. read

The annual inflation rate in Costa Rica dropped by 2.73% in February 2026, the lowest level since September 2023, after a drop in consumer prices of 2.54% in January.

Deflationary pressures were mainly driven by food and non-alcoholic beverages (-8.3% versus -7.85%) and transport (-3.61% versus -2.64%).

Meanwhile, price declines eased for housing and utilities (-0.44% versus -0.66%), furnishings (-1.74% versus -1.87%), recreation and culture (-0.21% versus -0.28%), and communication (-0.78% versus -1.01%).

Deflation for clothing and footwear stood at -2.6%.

On the other hand, price growth slowed slightly for education (2.95% versus 3.01%), accelerated for health (1.57% versus 1.44%) and alcoholic beverages and tobacco (1.04% versus 0.94%), and rebounded for restaurants and hotels (0.91% versus -0.19%).

On a monthly basis, consumer prices declined by 0.22%, marking the fourth consecutive year with price declines in February and easing from a decline of 0.96% in the previous month.



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Costa Rica Inflation Rate at 2023-Lows
The annual inflation rate in Costa Rica dropped by 2.73% in February 2026, the lowest level since September 2023, after a drop in consumer prices of 2.54% in January. Deflationary pressures were mainly driven by food and non-alcoholic beverages (-8.3% versus -7.85%) and transport (-3.61% versus -2.64%). Meanwhile, price declines eased for housing and utilities (-0.44% versus -0.66%), furnishings (-1.74% versus -1.87%), recreation and culture (-0.21% versus -0.28%), and communication (-0.78% versus -1.01%). Deflation for clothing and footwear stood at -2.6%. On the other hand, price growth slowed slightly for education (2.95% versus 3.01%), accelerated for health (1.57% versus 1.44%) and alcoholic beverages and tobacco (1.04% versus 0.94%), and rebounded for restaurants and hotels (0.91% versus -0.19%). On a monthly basis, consumer prices declined by 0.22%, marking the fourth consecutive year with price declines in February and easing from a decline of 0.96% in the previous month.
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