Costa Rica’s annual inflation rate edged up to 2.5 percent in October of 2021 from 2.09 percent in the previous month, the highest since September 2019. Prices accelerated for transports (9.85 percent vs 9.55 percent in September), food and non-alcoholic beverages (3.24 percent vs 2.70 percent), furniture (3.38 percent vs 2.24 percent), health care (2.07 percent vs 1.98 percent), and financial services (0.98 percent vs 0.70 percent). Also, cost fell less for housing and utilities (-1.04 percent vs -1.66 percent) while prices for alcoholic beverages & tobacco (0.80 percent vs -1.52 percent) returned to increase after six months of deflation. inflation was steady for restaurants and hotels (at 2 percent). On a monthly basis, consumer prices rose 0.49 percent in October, compared to a 0.63 increase percent in the previous month. source: Instituto Nacional de Estadística y Censos de Costa Rica

Inflation Rate in Costa Rica averaged 13.48 percent from 1977 until 2021, 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 December of 2021.

Inflation Rate in Costa Rica is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Costa Rica Inflation Rate is projected to trend around 1.00 percent in 2022 and 1.50 percent in 2023, according to our econometric models.

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Costa Rica Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-07 04:30 PM Sep 2.09% 1.72% 1.8%
2021-11-05 05:00 PM Oct 2.5% 2.09% 2.2%
2021-12-07 04:30 PM Nov 2.5% 3.06%


Related Last Previous Unit Reference
Inflation Rate 2.50 2.09 percent Oct/21
Inflation Rate Mom 0.49 0.63 percent Oct/21
CPI Transportation 111.66 110.84 points Oct/21
CPI Housing Utilities 98.84 99.25 points Oct/21
Food Inflation 2.70 1.20 percent Sep/21

News Stream
Costa Rica Inflation Rate Rises to a Near 2-Year High
Costa Rica’s annual inflation rate edged up to 2.5 percent in October of 2021 from 2.09 percent in the previous month, the highest since September 2019. Prices accelerated for transports (9.85 percent vs 9.55 percent in September), food and non-alcoholic beverages (3.24 percent vs 2.70 percent), furniture (3.38 percent vs 2.24 percent), health care (2.07 percent vs 1.98 percent), and financial services (0.98 percent vs 0.70 percent). Also, cost fell less for housing and utilities (-1.04 percent vs -1.66 percent) while prices for alcoholic beverages & tobacco (0.80 percent vs -1.52 percent) returned to increase after six months of deflation. inflation was steady for restaurants and hotels (at 2 percent). On a monthly basis, consumer prices rose 0.49 percent in October, compared to a 0.63 increase percent in the previous month.
2021-11-05
Costa Rica Inflation Rate Rises to 2-Year High
Costa Rica’s annual inflation rate edged up to 2.09 percent in September of 2021 from 1.72 percent in the previous month, the highest since September 2019. Prices accelerated for food and non-alcoholic beverages (2.7 percent vs 1.2 percent in August), furniture (2.2 percent vs 1.9 percent), and financial services (0.7 percent vs 0.6 percent). Also, cost fell less for housing and utilities (-1.7 percent vs -1.9 percent) while inflation was steady for restaurants and hotels (at 2 percent). On the other hand, prices of transportation eased (9.6 percent vs 10.9 percent). On a monthly basis, consumer prices rose 0.63 percent in September, compared to a 0.28 increase percent in August.
2021-10-07
Costa Rica Inflation Picks up to 1.7% in August
Costa Rica’s annual inflation rate rose to 1.72 percent in August of 2021 from an upwardly revised 1.44 percent in July. Prices accelerated for food and non-alcoholic beverages (1.2 percent vs 1.1 percent in July), furniture and household equipment (1.9 percent vs 1.6 percent), and healthcare (2 percent vs 1.7 percent). Also, price decreases eased for housing and utilities (-1.9 percent vs -2.3 percent) while inflation slowed down for transports (10.9 percent vs 11.4 percent). On a monthly basis, consumer prices increased by 0.28 percent in August, following a 0.21 percent decrease in the previous month.
2021-09-07

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.