Costa Rica Inflation May 2021

Costa Rica

Costa Rica: Inflation inches up in May

June 7, 2021

Consumer prices decreased 0.01% over the previous month in May, swinging from the 0.29% increase logged in April. Looking at the details of the release, the result was largely due to lower prices for information and communication, as well as for education.

Inflation came in at 1.3% in May, inching up from April’s 1.2%. Meanwhile, the trend remained unchanged, with annual average inflation coming in at April’s 0.5% in May.

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 2.1%, which is unchanged from last month's forecast, and 2022 at 2.3%.


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Costa Rica Inflation Chart

Costa Rica Inflation May 2021 0

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

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