Costa Rica Inflation May 2020

Costa Rica

Costa Rica: Inflation declines to lowest level since November 2016 in May

June 5, 2020

Consumer prices dropped 0.15% in May over the last month, a softer drop than April's 0.44% drop. The decline was driven by a moderated fall in prices for food and non-alcoholic beverages and transportation.

Inflation inched down to 0.6% in May, below April’s 0.9%. May's figure represented the weakest inflation rate since November 2016. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 1.9% in May (April: 2.1%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 0.7%, which is down 0.9 percentage points from last month's forecast, and 2021 at 2.6%.

Author:, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation May 20 20

Note: Annual and monthly variation of consumer price index in %.
Source: National Institute of Statistics and Census (INEC).

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