Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Costa Rica
CRICP040500GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.12
Year-over-Year Change
-71.92%
Date Range
2/1/1995 - 12/1/2021
Summary
The Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Costa Rica measures changes in the prices of electricity, gas, and other household utilities in Costa Rica. This metric is important for economists and policymakers to monitor inflation and the cost of living.
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
This index tracks the change in prices for household electricity, gas, and other fuels in Costa Rica. It is a component of the broader Housing, Water, Electricity, Gas and Other Fuels category within the Consumer Price Index, which measures overall inflation. Economists use this metric to understand price trends in the utilities sector and assess the impact on consumer spending.
Methodology
The data is collected through surveys of households and utility providers in Costa Rica.
Historical Context
This index helps inform monetary and fiscal policy decisions by the Central Bank of Costa Rica.
Key Facts
- The base year for this index is 2018.
- Electricity and gas account for the largest share of this index.
- Prices for this index have risen by over 20% since 2018.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of electricity, gas, and other household utilities in Costa Rica as part of the broader Consumer Price Index.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding inflation and the cost of living in Costa Rica, as household utilities represent a significant portion of consumer expenditures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and utility providers in Costa Rica.
Q: How is this trend used in economic policy?
A: This index helps inform monetary and fiscal policy decisions by the Central Bank of Costa Rica, as it provides insights into price pressures in the utilities sector.
Q: Are there update delays or limitations?
A: The index is published monthly with a relatively short lag, making it a timely indicator of price trends in the utilities sector.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Costa Rica (CRICP040500GPM), retrieved from FRED.