Inflation in Costa Rica
Costa Rica - Inflation (end of period)
Inflation increases in July
Consumer prices increased 1.09% from the previous month in July, which was below June's 1.78% rise. July's result marked the weakest reading since March. The slowdown was driven by falling prices for transportation and housing, which partially offset higher food price pressures.
Inflation rose to 11.5% in July, above June’s 10.1%. July's result was the highest inflation rate since April 2009. Meanwhile, the trend pointed up, with annual average inflation coming in at 5.4% in July (June: 4.6%).
Our panelists expect inflation to end 2022 at 9.5%, which is up 2.1 percentage points from last month’s forecast, and 2023 at 4.7%.
Costa Rica - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||-0.8||0.8||2.6||2.0||1.5|
5 years of economic forecasts for more than 30 economic indicators.
Costa Rica Inflation (eop) Chart
Source: Costa Rica Central Bank and FocusEconomics calculations.
Costa Rica Facts
|Exchange Rate||571.0||-0.57 %||Jan 01|
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August 11, 2022
Economic activity increased 3.6% terms in June, which was a deterioration from May's 4.0% increase.
August 9, 2022
Consumer prices increased 1.09% from the previous month in July, which was below June's 1.78% rise.
August 1, 2022
Economic growth waned in the second quarter, with GDP increasing 5.4% on an annual basis (Q1: +8.4% year on year).
July 27, 2022
At its 27 July meeting, the Central Bank of Costa Rica (BCCR) raised rates by 200 basis points—the largest hike on record—bringing the monetary policy rate to 7.50%.
July 13, 2022
Economic activity grew 3.6% in annual terms during May, down from April's 5.0% increase.