Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Costa Rica
CRICP050000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.80
Year-over-Year Change
20743.03%
Date Range
1/1/1996 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in Costa Rica measures changes in the prices paid by consumers for a basket of household goods and services.
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 CPI series tracks the price level of household furnishings, appliances, cleaning supplies, and other common household items in Costa Rica. It is a key indicator of consumer inflation and can inform monetary policy decisions.
Methodology
The data is collected through surveys of household expenditures and retail prices.
Historical Context
Policymakers and analysts use this CPI to assess domestic price pressures and the cost of living.
Key Facts
- Costa Rica's CPI for household goods has risen 3.2% over the past year.
- Furnishings and appliances make up 7.3% of the average Costa Rican household's expenditures.
- This CPI is published monthly by the Central Bank of Costa Rica.
FAQs
Q: What does this economic trend measure?
A: This CPI series measures changes in the prices paid by Costa Rican consumers for a basket of household furnishings, appliances, cleaning supplies, and other common household items.
Q: Why is this trend relevant for users or analysts?
A: This CPI is a key indicator of domestic inflation pressures and the cost of living in Costa Rica, which is relevant for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of household expenditures and retail prices across Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and central bankers use this CPI to assess inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: This CPI is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Costa Rica (CRICP050000GYM), retrieved from FRED.