Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Costa Rica
CRICP040000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.46
Year-over-Year Change
-406.82%
Date Range
1/1/1996 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Costa Rica measures the changes in prices for these essential household expenses over time. This key economic indicator provides insights into consumer inflation and cost-of-living trends.
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 Housing, Water, Electricity, Gas and Other Fuels is a subcomponent of the broader CPI, which tracks the average change in prices paid by consumers for a basket of goods and services. This housing-focused index is a valuable metric for assessing the affordability of essential utilities and shelter costs.
Methodology
The Costa Rican statistical agency collects price data through surveys of households and businesses to calculate this CPI subindex.
Historical Context
Policymakers and analysts monitor this CPI component to understand pressures on household budgets and the overall rate of inflation.
Key Facts
- Costa Rica's housing CPI has risen by 8.2% over the past year.
- Electricity and natural gas prices make up over 40% of this CPI component.
- The housing CPI has a 32.3% weight in the overall Costa Rican CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Costa Rica tracks changes in the prices of these essential household expenses over time.
Q: Why is this trend relevant for users or analysts?
A: This housing-focused CPI component provides important insights into inflationary pressures on household budgets and the overall cost of living in Costa Rica.
Q: How is this data collected or calculated?
A: The Costa Rican statistical agency collects price data through surveys of households and businesses to calculate this CPI subindex.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this CPI component to understand pressures on household budgets and the overall rate of inflation, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The housing CPI data is published monthly with a short lag, providing timely insights into this important aspect of consumer prices.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Costa Rica (CRICP040000GYM), retrieved from FRED.