Inflation Rate in Costa Rica decreased to -0.12 percent in May from 0.37 percent in April of 2025. This dataset provides - Costa Rica Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of 2024, Nicaragua registered the highest inflation rate in Central America with 4.64 percent, followed by Honduras and Belize. In contrast, Costa Rica registered the deflation of 0.41 percent. This indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.

During July 2024, Costa Rica, a country in Central America, observed the highest inflation rate in the category of food and non-alcoholic beverages. This inflationary trend was captured by the Consumer Price Index (CPI), which recorded a value of 115.82 for this specific sector. The CPI measurement utilized the base month of December 2020=100.

The average inflation rate in Costa Rica amounts to approximately 2.16 percent in 2025.Fluctuating decline between 1980 and 2025Compared to the earliest depicted observation from 1980 there is a total decrease by approximately 15.96 percentage points. Looking at the trajectory between 1980 and 2025, one can observe that this decrease however did not happen continuously.Fluctuating rise between 2025 and 2030The inflation will stand at around 3 percent in 2030, according to forecasts. There is an overall increase by approximately 0.84 percentage points since 2025.This indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.

The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. In Costa Rica, the average price for a Big Mac burger was estimated at *** U.S. dollars in January 2025. Costa Rica price for a Big Mac is among the highest in Latin America, only behind Uruguay and Argentina. Big Mac IndexThe Big Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power. As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. dollars.The Big Mac, as the top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition and quality. McDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay.

Inflation in Costa Rica Costa Rica ranks in the middle table of Latin American countries with the highest inflation rates, nonetheless, in the Central American region it’s only behind Honduras. During 2022, the inflation rate of Costa Rica was ****, after many years of low rates, the global inflation crisis accelerated the price increases in the country. Some sectors were impacted more heavily than others, in June 2023, the industry with the highest Consumer Price Index (CPI) was food and non-alcoholic beverages, in contrast, the communications sector presented the lowest.

As of 2023, Nicaragua registered the highest inflation rate in Central America with 8.44 percent, followed by Honduras and Guatemala. In contrast, Costa Rica registered the lowest average inflation of the region. This indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.

In 2023, no Latin American or Caribbean country registered deflation in their average consumer prices. Costa Rica had the lowest change compared to the previous year with 0.52 percent. In contrast, the average inflation rate in Venezuela amounted to about 337.46 percent.

Latin America among the highest inflation rates in the world In 2023, the average inflation rate of the region was around 14.41 percent. Which is significantly higher than the global average of 6.78 percent. Some of that is explained by countries such as Venezuela, Argentina, and Suriname ranking in the top then of countries with the highest inflation rate in the world.

Chronic inflation in Latin America Chronic inflation is often defined as persistent high inflation throughout a long time. Some of the common examples of this problem are Venezuela and Argentina, both countries had episodes of hyperinflation, with price increases considerably over 50 percent per month in both cases. The last few years, the global crisis and economic sanctions, attenuated the situation with Argentina reaching once again three-digit inflation and Venezuela exceeding 63,000 percent inflation in 2019.

The average for 2023 based on 20 countries was 6.3 percent. The highest value was in Haiti: 36.8 percent and the lowest value was in Costa Rica: 0.5 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

La moyenne pour 2023 était de 7.1 pour cent. La valeur la plus élevée était au Haïti: 36.8 pour cent et la valeur la plus basse était au Costa Rica: 0.5 pour cent. Vous trouverez ci-dessous un graphique pour tous les pays où les données sont disponibles.