Costa Rica: Inflation dips in May
Consumer prices fell 0.11% in May compared to the previous month, down from the 0.08% decrease recorded in April. According to the National Institute of Statistics and Census (INEC), May’s monthly price decline came on the back of lower prices for food and non-alcoholic drinks, and entertainment and culture.
Inflation decelerated to 2.0% in May from 2.4% in April, reaching the lower bound of the Central Bank’s 2.0%–4.0% target range. Meanwhile, annual average inflation was stable at April’s 2.0% print.