Costa Rica Inflation May 2018

Costa Rica

Costa Rica: Inflation dips in May

June 8, 2018

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.

Costa Rica Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to end this year at 3.1%, which is down 0.1 percentage points from last month's forecast. In 2019, the panel sees inflation ending the year at 3.4%.

Author:, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation May 2018

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

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