Costa Rica's consumer prices fell 0.97% year-on-year in May 2026, following a 1.64% decline in April, extending the country's deflationary trend. The decrease was mainly driven by lower prices for food (-3.89%), clothing and footwear (-2.69%), housing and utilities (-1.20%), furniture and household services (-2.04%), information and communication (-0.96%), and insurance and financial services (-0.55%). Meanwhile, the largest price increases were recorded in education (2.75%), alcoholic beverages and tobacco (2.21%), and healthcare (1.72%). On a monthly basis, consumer prices rose 0.27% in May, reversing a 0.04% decline in April. source: Instituto Nacional de Estadística y Censos de Costa Rica

Inflation Rate in Costa Rica decreased by 0.97 percent in May from -1.64 percent in April of 2026. Inflation Rate in Costa Rica averaged 12.39 percent from 1977 until 2026, reaching an all time high of 108.89 percent in September of 1982 and a record low of -3.28 percent in August of 2023. 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 July of 2026.

Inflation Rate in Costa Rica decreased by 0.97 percent in May from -1.64 percent in April of 2026. Inflation Rate in Costa Rica is expected to be 1.40 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 2.20 percent in 2027 and 3.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-08 04:00 PM
Inflation Rate YoY
Apr -1.64% -2.09% -1.0%
2026-06-05 04:00 PM
Inflation Rate YoY
May -0.97% -1.64% -1.1%
2026-07-07 04:00 PM
Inflation Rate YoY
Jun -1.37% 0.2%


Related Last Previous Unit Reference
CPI Housing Utilities 109.21 108.96 points May 2026
CPI Transportation 108.71 103.43 points May 2026
Food Inflation -3.89 -3.91 percent May 2026
Inflation Rate YoY -0.97 -1.64 percent May 2026
Inflation Rate MoM 0.27 -0.04 percent May 2026


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
-0.97 -1.64 108.89 -3.28 1977 - 2026 percent Monthly
2020M12=100

News Stream
Costa Rica Deflation Eases in May
Costa Rica's consumer prices fell 0.97% year-on-year in May 2026, following a 1.64% decline in April, extending the country's deflationary trend. The decrease was mainly driven by lower prices for food (-3.89%), clothing and footwear (-2.69%), housing and utilities (-1.20%), furniture and household services (-2.04%), information and communication (-0.96%), and insurance and financial services (-0.55%). Meanwhile, the largest price increases were recorded in education (2.75%), alcoholic beverages and tobacco (2.21%), and healthcare (1.72%). On a monthly basis, consumer prices rose 0.27% in May, reversing a 0.04% decline in April.
2026-06-05
Costa Rica CPI Rate Falls Further in April
Costa Rica’s annual inflation rate fell 1.64% in April 2026, following a 2.73% decline in the previous month. The deflationary trend was mainly driven by lower prices for food (-3.91%), transport (-3.69%), clothing and footwear (-2.58%), furniture and household services (-2.25%), and housing and utilities (-1.48%). Prices also declined for information and communication (-0.75%) and financial services and insurance (-0.51%). The strongest inflationary pressures were recorded in education (2.94%), healthcare (1.43%), and alcoholic beverages and tobacco (1.36%). On a monthly basis, consumer prices fell 0.04% in April, after a 0.34% increase in the previous month.
2026-05-08
Costa Rica Inflation Rate at 2023-Lows
The annual inflation rate in Costa Rica dropped by 2.73% in February 2026, the lowest level since September 2023, after a drop in consumer prices of 2.54% in January. Deflationary pressures were mainly driven by food and non-alcoholic beverages (-8.3% versus -7.85%) and transport (-3.61% versus -2.64%). Meanwhile, price declines eased for housing and utilities (-0.44% versus -0.66%), furnishings (-1.74% versus -1.87%), recreation and culture (-0.21% versus -0.28%), and communication (-0.78% versus -1.01%). Deflation for clothing and footwear stood at -2.6%. On the other hand, price growth slowed slightly for education (2.95% versus 3.01%), accelerated for health (1.57% versus 1.44%) and alcoholic beverages and tobacco (1.04% versus 0.94%), and rebounded for restaurants and hotels (0.91% versus -0.19%). On a monthly basis, consumer prices declined by 0.22%, marking the fourth consecutive year with price declines in February and easing from a decline of 0.96% in the previous month.
2026-03-06