Costa Rica was the country of the OECD with the year-on-year rate of inflation lower, 0.9% compared to 6.5% on average, and this in a general context of slowdown in prices, marked above all by the fall in energy prices.
Inflation in Costa Rica fell significantly in May, after the 2.4% in April, thus becoming the only one of the 38 members to rank below the bar for 1%according to data published on Tuesday by the Organization for Economic Cooperation and Development (OECD).
Those who came closest were Switzerland (2.2%)Greece (2.8%)denmark (2.9%)Spain (3.2%)Japan (3.2%) and South Korea (3.3%).
The drop in inflation in May in Costa Rica was much more marked than in the organization as a whole, where it went from 7.4% in April to the aforementioned 6.5% in May, which is in any case the lowest level since December 2021.
The main factor in this reduction was energy, which became cheaper by 5.1% between May 2022 and May 2023, when the year-on-year evolution a month earlier had been slightly bullish (0.7%).
At the other extreme of Costa Rica, the highest inflation figures of the OECD countries in May occurred in Turkey (39.6%)Hungary (21.5%), Poland (13%), Colombia (12.4%)Latvia (12.1%)Slovakia (11.9%)Lithuania (11.7%) and Czech Republic (11.1%).
In that month it only progressed in the Netherlands (at 6.1%), in Norway (at 6.7%) and in the United Kingdom (at 7.9%).
Beyond the OECD, among the members of the G20 (a group of countries with the most developed and emerging economies) Argentina once again stood out with skyrocketing inflation, which in May rose to 114.2%after the 108.8% in April.
In the G20 as a whole, inflation fell to 5.9% in May, six tenths less than in April.
Source: EFE
Source: Gestion
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