Inflation Rate (CPI): Costa Rica

Analysis# Costa Rica Inflation Rate (CPI) Costa Rica's inflation rate stands at 2% in 2026, reflecting a dramatic stabilization from its turbulent past. The country's consumer price index peaked at an alarming 90.3% in 1982 during a regional economic crisis, but has since declined 89 percentage points. After briefly dipping into deflation at -0.4% in 2024, the rate has returned to modest positive territory, indicating a well-controlled pricing environment. The most striking shift occurred between 2021 and 2022, when inflation surged to 8.3%—the highest level in decades—before collapsing to just 0.5% the following year. This sharp volatility reflected global supply chain disruptions and subsequent normalization. Current projections suggest inflation will remain anchored near 2%, positioning Costa Rica among the region's more price-stable economies.