Costa Rica Inflation June 2020

Costa Rica

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%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 0.5%, which is down 0.2 percentage points from last month's forecast, and 2021 at 2.6%.

Author:, Economist

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Costa Rica Inflation Chart

Costa Rica Inflation June 20 20

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

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