Costa Rica Inflation April 2020

Costa Rica

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%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 1.6%, which is up 0.1 percentage points from last month's forecast, and 2021 at 2.8%.

Author:, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation April 20 20

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

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