Q COSTARICA — Inflation in Costa Rica maintained its negative trend in March, settling at -2.09% year-on-year, according to data from the National Institute of Statistics and Census (INEC).
With this result, the indicator has now remained below the Central Bank’s target range of 2% to 4% for 35 consecutive months.
The last time inflation was within this range was in April 2023, when it reached 3%.
After registering positive values between December 2024 and April 2025, the indicator returned to negative territory in May of last year.
Since then, inflation has maintained a downward trajectory, with negative figures in every subsequent month.
Although March marks the eleventh consecutive month with negative inflation, the indicator showed a slight rebound compared to February.
On a monthly basis, the Consumer Price Index (CPI) registered an increase of 0.34% during March.
The INEC reported that 48% of goods and services increased in price, while 35% decreased and 17% remained unchanged.
Among the products with the largest price increases were international tour packages, eggs, lemons, tomatoes, and airline tickets.
Increases were also recorded in services such as movie tickets, municipal services, and fuel.
Conversely, products like cabbage, papaya, potatoes, rice, and some durable goods such as cars and washing machines showed price decreases.
By sector, recreation and culture led the price increases, while transportation, financial services, and clothing saw decreases during the month.