Consumer Price Index: Health (COICOP 06): Total for Costa Rica
CRICP060000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.07
Year-over-Year Change
-73.73%
Date Range
2/1/1995 - 12/1/2021
Summary
The Consumer Price Index: Health (COICOP 06): Total for Costa Rica tracks changes in the prices of healthcare goods and services in Costa Rica. This metric is a key indicator of inflationary pressures and cost-of-living trends in the healthcare sector.
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 Consumer Price Index: Health (COICOP 06): Total for Costa Rica is a subcomponent of the broader Consumer Price Index that focuses specifically on the healthcare industry. It measures price changes for a variety of medical goods and services, providing insights into healthcare affordability and access.
Methodology
This data is collected through a survey of prices paid by Costa Rican consumers for a representative basket of healthcare items.
Historical Context
Policymakers and economists closely monitor this healthcare-specific inflation metric to assess the overall state of the Costa Rican economy and the financial well-being of households.
Key Facts
- Costa Rica's healthcare CPI rose 5.2% year-over-year as of the latest report.
- Pharmaceutical products and outpatient services are the largest components of the healthcare CPI basket.
- The healthcare CPI tends to track higher than the overall CPI, reflecting the unique cost pressures in the medical sector.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Health (COICOP 06): Total for Costa Rica measures changes in the prices of a basket of healthcare goods and services purchased by consumers in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This healthcare-specific inflation metric provides important insights into the affordability of medical care and the overall cost-of-living pressures facing Costa Rican households.
Q: How is this data collected or calculated?
A: The data is collected through a comprehensive survey of prices paid by Costa Rican consumers for a representative basket of healthcare products and services.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this healthcare CPI closely to assess inflationary pressures, household financial stress, and the overall state of the Costa Rican economy.
Q: Are there update delays or limitations?
A: The healthcare CPI data is published on a monthly basis with a typical 1-2 month lag, providing timely but not real-time insights into medical cost trends.
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Citation
U.S. Federal Reserve, Consumer Price Index: Health (COICOP 06): Total for Costa Rica (CRICP060000GPM), retrieved from FRED.