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%).
Author: Edward Gardner, Economist