Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Costa Rica
CRICP010000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.60
Year-over-Year Change
3.25%
Date Range
1/1/1995 - 1/1/2022
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Costa Rica tracks changes in the cost of a basket of consumer goods and services related to food and non-alcoholic beverages. This metric is a key indicator of inflation and purchasing power in the Costa Rican economy.
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 for Food and Non-Alcoholic Beverages in Costa Rica is a subindex of the broader Consumer Price Index, which measures price changes across a wide range of consumer goods and services. This sector-specific index is closely monitored by policymakers and economists to understand inflationary pressures and consumer spending patterns in the food and beverage market.
Methodology
The data is collected by the National Institute of Statistics and Censuses (INEC) through regular surveys of consumer prices across Costa Rica.
Historical Context
Changes in the CPI for Food and Non-Alcoholic Beverages are used to inform monetary and fiscal policy decisions in Costa Rica.
Key Facts
- Costa Rica's CPI for Food and Non-Alcoholic Beverages has a base year of 2019.
- This index accounts for approximately 28% of the total Costa Rican CPI basket.
- The food and non-alcoholic beverages sector is the second-largest component of the overall CPI in Costa Rica.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Costa Rica measures changes in the prices of a basket of consumer goods and services related to food and non-alcoholic drinks.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and consumer spending patterns in the food and beverage market, which is a crucial sector of the Costa Rican economy.
Q: How is this data collected or calculated?
A: The data is collected by Costa Rica's National Institute of Statistics and Censuses (INEC) through regular surveys of consumer prices across the country.
Q: How is this trend used in economic policy?
A: Changes in the CPI for Food and Non-Alcoholic Beverages are closely monitored by policymakers and economists to inform monetary and fiscal policy decisions in Costa Rica.
Q: Are there update delays or limitations?
A: The CPI for Food and Non-Alcoholic Beverages in Costa Rica is published monthly, with some potential for minor delays in data release.
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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 (CRICP010000IXOBM), retrieved from FRED.