FX.co ★ Costa Rica Deflation Eases in May

Costa Rica’s consumer prices declined by 0.97% year-on-year in May 2026, after a 1.64% drop in April, deepening the country’s ongoing deflationary trend. The fall in prices was largely driven by cheaper food (-3.89%), clothing and footwear (-2.69%), housing and utilities (-1.20%), furniture and household services (-2.04%), information and communication (-0.96%), and insurance and financial services (-0.55%). In contrast, the largest price increases were seen in education (2.75%), alcoholic beverages and tobacco (2.21%), and healthcare (1.72%). On a month-on-month basis, consumer prices rose 0.27% in May, rebounding from a 0.04% decline in April.