Inflation Costa Rica 1994
Average inflation: 13.5%
Inflation in 1994
Inflation is very high at 13.5%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 19.9%. The lowest inflation was in January at 9.5%.
- Highest month
- December: 19.9%
- Lowest month
- January: 9.5%
- Difference
- 10.4 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 5.1 percentage points lower than the 5-year average of 18.6%.
- 5-year average
- 18.6%
- 10-year average
- 17.4%
- All-time high (1982)
- 89.4%
- All-time low (1977)
- 4.2%
Trend
Over the period 1992-1994, inflation shows a downward trend. Compared to 1993, inflation has risen by 3.7 percentage points.
- Change vs. previous year
- +3.7 percentage points
- Largest monthly swing
- December: +10.9 percentage points
ECB Target
Inflation is 11.5 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for CRC 100 this year will cost approximately CRC 113.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1994
Month overview
| Month | Inflation | Difference vs. 1993 |
|---|---|---|
| January | 9.5% | -3.5 |
| February | 10.2% | -0.9 |
| March | 11.3% | +1.1 |
| April | 11.2% | +2.0 |
| May | 11.7% | +2.5 |
| June | 12.0% | +2.7 |
| July | 11.8% | +2.0 |
| August | 13.5% | +3.8 |
| September | 16.3% | +7.4 |
| October | 16.8% | +7.6 |
| November | 17.3% | +8.2 |
| December | 19.9% | +10.9 |
| Average | 13.5% |
Data source
Data from OECD. Last updated: 24/11/2025.