Inflation Keeps Rising in Costa Rica

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%.

Friday, June 7, 2019

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).

The document states that "... Of the 315 goods and services that make up the consumption basket, 45 % increased in price, 44 % decreased in price and 11 % showed no variation.

During May, the goods and services showing the greatest positive effect were: gasoline, onion and university education. On the other hand, cars, tourist packages and accommodation services were among the main ones with the greatest negative effect.

In May of the last ten years, the highest year-on-year change was 6.23% in 2010, while 2016 saw the only negative year-on-year change (-0.43%)
."

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More on this topic

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 Rises in Costa Rica

May 2019

After the year-on-year change in the Consumer Price Index (CPI) between January and March this year ranged from 1.4% to 1.7%, inflation rose to 2.1% in April.

The groups with the greatest contribution to the variation of the Consumer Price Index (CPI) in April are: The National Institute of Statistics and Censuses (INEC) reported that transport, rent and housing services were the main contributors to the change in the Consumer Price Index (CPI) in April.

Costa Rica: Lower Inflation During February

March 2019

In the second month of the year, the year-on-year change in the Consumer Price Index was 1.5%, below the 2.2% increase recorded in February 2018.

During February, the goods and services with the greatest positive effect were: automobile, primary education and junior high school.

Costa Rica: Year-on-Year Inflation up to May 2018 is 2%

June 2018

In May, the CPI registered a negative monthly variation of 0.11%, mainly explained by the prices of the Transport sector, and Food and non-alcoholic beverages.

From a report by the National Institute of Statistics and Census of Costa Rica: