Latest reading: Consumer prices were up 4.6% in annual terms in March, following a 3.7% rise in the previous month....
Inflation in Costa Rica
Consumer price inflation in Costa Rica averaged 2.0% in the ten years to 2024, in line with the Central America and Caribbean regional average of 3.2%. The 2024 average figure was -0.4%. For more information on inflation, visit our dedicated page.
Costa Rica Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Costa Rica from 2014 to 2025.
Source: Macrobond.
Costa Rica Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 1.7 | 8.3 | 0.5 | -0.4 | -0.1 |
| Inflation (CPI, ann. var. %, eop) | 3.3 | 7.9 | -1.8 | 0.8 | -1.2 |
| Inflation (PPI, ann. var. %, eop) | 13.9 | 8.1 | -5.7 | -1.1 | 0.2 |
Decline in consumer prices softens in March
Latest reading: Consumer prices declined 2.1% in annual terms in March, following a 2.7% fall in the previous month. Relative to the prior month's figures, price pressures were higher for food and non-alcoholic beverages in March (-6.5% in annual terms vs -8.3% in February). In contrast, there were reduced price pressures for transportation (-4.4% vs -3.6% in February) and housing (-1.4% vs -0.4% in February). Lastly, consumer prices were up 0.34% in March in month-on-month terms, following a 0.22% decline in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Costa Rican inflation projections for the next ten years from a panel of 17 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Costa Rican inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Costa Rican inflation projections.
Want to get access to the full dataset of Costa Rican inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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