Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Costa Rica
CRICP010000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.25
Year-over-Year Change
-37.85%
Date Range
1/1/1996 - 1/1/2022
Summary
This economic trend measures the consumer price index (CPI) for food and non-alcoholic beverages in Costa Rica. It is a key indicator of inflation and cost of living for households.
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
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Costa Rica tracks the changes in prices paid by consumers for a basket of food and drink items. It is an important economic indicator used to assess the overall cost of living and inflationary pressures in the country.
Methodology
The data is collected by the Costa Rican National Institute of Statistics and Census through regular price surveys of a representative sample of goods and services.
Historical Context
The CPI for food and beverages is closely monitored by policymakers and analysts to inform decisions on monetary policy, wage adjustments, and social welfare programs.
Key Facts
- The base year for the Costa Rica CPI food index is 2018.
- Food and non-alcoholic beverages account for over 25% of the CPI basket in Costa Rica.
- Prices are collected monthly from a sample of retail outlets across the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the consumer price index (CPI) for food and non-alcoholic beverages in Costa Rica. It tracks changes in the prices paid by consumers for a basket of food and drink items.
Q: Why is this trend relevant for users or analysts?
A: The CPI for food and beverages is a key indicator of inflation and cost of living for households in Costa Rica. It is closely monitored by policymakers and analysts to inform decisions on monetary policy, wage adjustments, and social welfare programs.
Q: How is this data collected or calculated?
A: The data is collected by the Costa Rican National Institute of Statistics and Census through regular price surveys of a representative sample of goods and services.
Q: How is this trend used in economic policy?
A: The CPI for food and beverages in Costa Rica is used by policymakers and analysts to assess inflationary pressures and the overall cost of living, which informs decisions on monetary policy, wage adjustments, and social welfare programs.
Q: Are there update delays or limitations?
A: The CPI data for Costa Rica is published monthly with a short delay, typically within a few weeks of the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Costa Rica (CRICP010000GYM), retrieved from FRED.