Costa Rica Inflation Rate Swings to Deflation

The annual inflation rate in Costa Rica deflated by 0.12% in May 2025, down from a 0.37% increase in the previous month, marking the lowest level since November 2024.

Prices fell at a faster pace in transportation (-3.63% vs.

-2.34% in April), communications (-3.75% vs.

-3.73%) and furniture, appliances and services (-0.80% vs.

-0.72%), while the price increases slowed for food away from home and accommodation services (1.38% vs.

1.75%) and restaurants and accommodation (1.60% vs.

2.07%).

On the other hand, the largest increases were observed in education (3.40% vs.

3.27%), while alcoholic beverages and tobacco (-0.63% vs.

-0.86%) and clothing and footwear (-1.97% vs.

-2.36%) showed slower price increases.

Prices rose in seven of the thirteen main product categories.

On a monthly basis, consumer prices fell by 0.40%.