Costa Rica: Inflation drops to lowest level since January 2017
May 7, 2020
Consumer prices fell 0.44% in April over the previous month, coming in below the 0.03% fall in March. April's result marked the sharpest fall in prices since September 2016. The drop was primarily due to reduced price pressures for food and non-alcoholic beverages, and transportation.
Inflation eased to 0.9% in April, down from 1.9% in March. April's result was the weakest since January 2017. Annual average inflation edged down to 2.0% in April (March: 2.2%).
Author: Edward Gardner, Economist