Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Czechia
Growth rate same period previous year, Annual
CPALTT01CZA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.44
Year-over-Year Change
-25.92%
Date Range
1/1/1992 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' trend measures the year-over-year percent change in consumer prices in Costa Rica. This key inflation indicator is widely used by economists and policymakers to assess cost-of-living changes and guide monetary policy decisions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This annual percent change series tracks the inflation rate in Costa Rica by comparing the current year's consumer price index to the previous year's level. It provides a standardized metric for evaluating price stability and purchasing power over time.
Methodology
The data is collected through regular household surveys and calculations by the Central Bank of Costa Rica.
Historical Context
Policymakers at the Central Bank of Costa Rica closely monitor this inflation trend to inform interest rate adjustments and other monetary policies.
Key Facts
- Costa Rica's inflation rate averaged 4.8% annually from 2010-2020.
- The highest annual inflation rate in Costa Rica was 10.8% in 2017.
- The Central Bank of Costa Rica targets an inflation range of 2-4% annually.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' metric tracks the year-over-year percent change in consumer prices in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This inflation indicator is a key data point used by economists and policymakers to assess cost-of-living changes and guide monetary policy decisions in Costa Rica.
Q: How is this data collected or calculated?
A: The data is collected through regular household surveys and calculations by the Central Bank of Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers at the Central Bank of Costa Rica closely monitor this inflation trend to inform interest rate adjustments and other monetary policies.
Q: Are there update delays or limitations?
A: The annual inflation data is typically published with a 1-2 month delay by the Central Bank of Costa Rica.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (CPALTT01CZA659N), retrieved from FRED.