Costa Rica: Inflation falls to lowest level in four years in June
July 7, 2020
Consumer prices dropped 0.02% in June over the last month, a more moderate fall than May's 0.15% drop. June's figure marked the softest fall in prices since February. Looking at the details of the release, housing and transport prices both increased in June compared to the previous month, contrasting declines in May, while prices for food and accommodation services slumped.
Inflation edged down to 0.3% in June, from May’s 0.6%. June's result represented the weakest inflation rate since June 2016. Annual average inflation ticked down to 1.7% in June (May: 1.9%).
Author: Edward Gardner, Economist