Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Costa Rica
Quarterly
CRICP010000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.33
Year-over-Year Change
6.35%
Date Range
1/1/1995 - 10/1/2021
Summary
The Quarterly Consumer Price Index for All Urban Consumers (CPI-U) measures the average change in prices paid by urban consumers for a basket of goods and services. It is a key indicator of inflation and consumer purchasing power.
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 CPI-U is a widely-followed economic indicator that tracks price changes across a representative basket of consumer goods and services. It is used by policymakers, businesses, and the public to assess the health of the economy and inform decisions around cost-of-living adjustments, monetary policy, and more.
Methodology
The data is collected through surveys of retail prices paid by urban consumers and calculated using a formula that compares price changes over time.
Historical Context
The CPI-U is a critical input for the Federal Reserve's monetary policy decisions and can impact interest rates, wages, government benefit adjustments, and other economic factors.
Key Facts
- The CPI-U covers about 93% of the total U.S. population.
- It is published monthly by the U.S. Bureau of Labor Statistics.
- The CPI-U has a base period of 1982-84 = 100.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Consumer Price Index for All Urban Consumers (CPI-U) measures the average change in prices paid by urban consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI-U is a widely-used indicator of inflation that informs decision-making around monetary policy, cost-of-living adjustments, and other economic factors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices paid by urban consumers and calculated using a formula that compares price changes over time.
Q: How is this trend used in economic policy?
A: The CPI-U is a critical input for the Federal Reserve's monetary policy decisions and can impact interest rates, wages, government benefit adjustments, and other economic factors.
Q: Are there update delays or limitations?
A: The CPI-U is published monthly by the U.S. Bureau of Labor Statistics with a typical one-month lag.
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Citation
U.S. Federal Reserve, Quarterly Consumer Price Index for All Urban Consumers (CRICP010000IXNBQ), retrieved from FRED.