Costa Rica: Inflation comes in at highest level since May 2009 in May
June 8, 2022
Consumer prices rose 1.44% from the previous month in May, moderating from the 1.58% increase seen in April. Looking at the details of the release, housing prices dropped in May compared to the previous month, while price pressures for gasoline and transportation eased.
Inflation came in at 8.7% in May, which was up from April’s 7.2%. May's reading marked the highest inflation rate since May 2009. Meanwhile, the trend pointed up, with annual average inflation coming in at 3.9% in May (April: 3.3%).