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Costa Rica: Consumer prices fall for the first time since November 2024 in May
Latest reading: Consumer prices fell 0.1% on an annual basis in May, swinging from April’s 0.4% increase. May’s result marked the first decline in consumer prices since November 2024. Looking at the details of the release, prices for food plus housing increased at a weaker pace in May. Moreover, prices for transportation dropped at a sharper rate.
The trend was unchanged, with annual average inflation coming in at April’s 0.3% in May.
Finally, consumer prices dropped 0.40% from the previous month in May, a smaller fall than the 0.51% drop seen in April.
