Inflation Rate in Costa Rica increased to 8.71 percent in May from 7.14 percent in April of 2022. source: Instituto Nacional de Estadística y Censos de Costa Rica

Inflation Rate in Costa Rica averaged 13.37 percent from 1977 until 2022, 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 June of 2022.

Inflation Rate in Costa Rica is expected to be 8.77 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 4.00 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

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Costa Rica Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-06 04:30 PM Apr 7.14% 5.79% 6.16%
2022-06-07 04:30 PM May 8.71% 7.14% 8.18%
2022-07-07 06:00 PM Jun 8.71% 8.77%


Related Last Previous Unit Reference
Inflation Rate 8.71 7.14 percent May 2022
Food Inflation 13.92 11.89 percent May 2022
CPI Transportation 130.82 126.23 points May 2022
CPI Housing Utilities 104.88 104.95 points May 2022
Inflation Rate Mom 1.44 1.58 percent May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
8.71 7.14 108.89 -1.20 1977 - 2022 percent Monthly
2020M12=100

News Stream
Costa Rica Inflation Rate Accelerates Further
The annual inflation rate in Costa Rica quickened for the third straight month to 5.79% in March of 2022, from 4.90% in the previous month. It was the steepest inflation rate since December of 2014, mainly driven by prices of transport (13.53% vs 11.33% in February) and food & non-alcoholic beverages (9.55% vs 7.31%). On a monthly basis, consumer prices went up 0.88%, following a 1.09% rise in the previous month.
2022-04-07
Costa Rica Inflation Rate Highest Since 2014
The annual inflation rate in Costa Rica jumped to 4.9 percent in February of 2022 from 3.5 percent in the previous month. It was the highest reading since December of 2014, as prices advanced faster for food an non-alcoholic beverages (7.3 percent vs 3.2 percent in January), transportation (11.3 percent vs 10.3 percent), furniture and household maintenance (5.6 percent vs 5.1 percent), and restaurant and hotels (4.6 percent vs 3.7 percent). On the other hand, prices rose at a slightly slower rate for housing and utilities (4.5 percent vs 4.6 percent). On a monthly basis, consumer prices accelerated 1.5 percent, the steepest jump since January of 2010 and compared to a 0.4 percent increase in the prior month.
2022-03-07
Costa Rica Inflation Rate Highest Since 2015
The annual inflation rate in Costa Rica increased to 3.5 percent in Janaury of 2022 from 3.3 percent in the previous month. It was the highest inflation rate since February of 2015, as prices advanced faster for food & non-alcoholic beverages (3.2 percent vs 3.1 percent in December) while it rebounded for housing & utilities (4.6 percent vs -0.5 percent). On the other hand, transport cost eased (10.3 percent vs 14.3 percent). On a monthly basis, consumer prices went up 0.4 percent, following a 0.5 percent increase in the prior month.
2022-02-07