Costa Rica registers -0.32% annual deflation in June 2026

Costa Rica experienced an annual deflation of -0.32% in June 2026, continuing a trend of negative year-on-year price changes in the first half of the year for the fourth consecutive year. The National Institute of Statistics and Censuses (INEC) reported that the accumulated inflation for the period of January to June 2026 stood at 0.08%, the lowest positive figure recorded for the first six months of any year over the past five years.

Analysis of the monthly inflation rate for June revealed a 0.71% increase. This rise was influenced by price hikes in gasoline, bus transportation, and foreign tour packages. Conversely, significant price drops were observed in eggs, diesel, and chicken breast, contributing to the overall deflationary pressure.

Costa Rica concluded 2025 with an inflation rate of -1.23%, marking the second negative annual figure in a decade. For four consecutive years, the country has remained outside the Central Bank's target range of 2% to 4%, a goal that also applies to 2026. The Organization for Economic Cooperation and Development (OECD) forecasts a gradual increase in Costa Rica's inflation, potentially returning to the target range by the end of 2026.

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Según el último informe de perspectivas económicas de la Organización para la Cooperación y el Desarrollo Económicos (OCDE), la inflación en Costa Rica crecerá gradualmente y podría retornar a la meta a finales del 2026.