Costa Rica: Inflation Accelerates in February

In the second month of the year the CPI registered a 1.79% year-on-year variation, an inflationary rhythm that exceeds the 1.58% reported in January.

Monday, March 9, 2020

Of the 315 goods and services that make up the consumption basket, 50% increased in price, 41% decreased in price and 9% presented no variation, informed the National Institute of Statistics and Census.

The report explains that "... During February, the goods and services that showed the greatest positive effect were: tomatoes, primary education and gasoline. On the other hand, onion, tourist packages and shampoo were among the main ones with the greatest negative effect.

In February 2020, of the twelve groups that make up the index, seven showed increases in their prices.

In February of the last ten years, the highest year-on-year change occurred in 2013 with 6.52%, while 2016 saw the only negative year-on-year change (-0.03%).
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See full report (in Spanish).

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More on this topic

Costa Rica: Inflation Still Down

November 2019

The inflationary rhythm slowed for the third consecutive month, as in October the CPI reported a 2.07% year-on-year variation, below the 2.53% reported in September.

The groups with the greatest contribution to the variation of the CPI in October are: Transport, and Food and non-alcoholic beverages.

Costa Rica: Inflationary Rhythm Slows Down

October 2019

In September, the Consumer Price Index reported a 2.5% year-on-year variation, down from 2.9% in August.

Of the 315 goods and services that make up the consumption basket, 50% increase in price, 39% decreased in price and 11% showed no variation, reported the National Institute of Statistics and Censuses.

Inflation Keeps Rising in Costa Rica

June 2019

After the year-on-year variation of the Consumer Price Index between January and March of this year will range between 1.4% and 1.7%, and during April inflation was 2.1%, in May the inflationary rhythm rose to 2.3%.

The groups with the greatest contribution to the variation of the CPI in May were: Transport and Entertainment and culture, explains the report of the National Institute of Statistics and Censuses (INEC).

Inflation in Costa Rica Keeps Declining

April 2019

In the third month of the year, the year-on-year variation of the Consumer Price Index was 1.4%, below the increases of 1.7% and 1.5% recorded in January and February 2019.

During March, the goods and services showing the greatest negative effect were: automobiles, airline tickets and eggs.

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