Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Costa Rica
CRICP030000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.13
Year-over-Year Change
-72.39%
Date Range
1/1/1996 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Costa Rica measures changes in the prices of consumer goods related to clothing and footwear. This metric is a key indicator of inflation and consumer spending patterns.
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 Clothing and Footwear CPI is a subcomponent of the broader Consumer Price Index that tracks price movements for a basket of consumer goods and services. It is used by economists and policymakers to understand broader trends in consumer behavior and the cost of living.
Methodology
The Costa Rican National Institute of Statistics and Census collects retail price data from a sample of businesses to calculate the Clothing and Footwear CPI.
Historical Context
The Clothing and Footwear CPI provides insight into consumer demand and is relevant for monetary and fiscal policy decisions.
Key Facts
- The Clothing and Footwear CPI has a base year of 2006.
- Clothing and footwear account for approximately 5% of the Costa Rican CPI basket.
- The CPI is published monthly by the Costa Rican National Institute of Statistics and Census.
FAQs
Q: What does this economic trend measure?
A: The Clothing and Footwear Consumer Price Index (CPI) measures changes in the prices of consumer goods related to clothing and footwear in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: The Clothing and Footwear CPI is a key indicator of consumer spending patterns and inflationary pressures, providing insights that are relevant for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The Costa Rican National Institute of Statistics and Census collects retail price data from a sample of businesses to calculate the Clothing and Footwear CPI.
Q: How is this trend used in economic policy?
A: The Clothing and Footwear CPI provides insights into consumer demand and cost of living, making it relevant for monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Clothing and Footwear CPI is published monthly by the Costa Rican National Institute of Statistics and Census, with minimal update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Costa Rica (CRICP030000GYQ), retrieved from FRED.