Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Costa Rica
CRICP060000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.20
Year-over-Year Change
-12.76%
Date Range
1/1/1996 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Health in Costa Rica measures the change in prices of goods and services related to healthcare, including medical care, medications, and other health-related expenditures. This index is a key indicator of inflationary pressures and cost-of-living changes within the Costa Rican economy.
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 Health in Costa Rica is part of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The Health component specifically focuses on prices related to medical care, pharmaceuticals, and other healthcare-related items, providing insight into this important sector of the Costa Rican economy.
Methodology
The data is collected by the National Institute of Statistics and Census (INEC) through a monthly survey of prices across a representative sample of goods and services.
Historical Context
The CPI for Health is used by policymakers, economists, and market analysts to assess inflationary trends and the overall cost of living in Costa Rica.
Key Facts
- Costa Rica's CPI for Health has risen by an average of 5.2% annually over the past 5 years.
- Healthcare accounts for approximately 12% of the total Costa Rican consumer price basket.
- The Health CPI is a leading indicator for policymakers monitoring the cost of medical care in Costa Rica.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Health in Costa Rica measures the change in prices of goods and services related to healthcare, including medical care, medications, and other health-related expenditures.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Health is a key indicator of inflationary pressures and cost-of-living changes within the healthcare sector of the Costa Rican economy, providing important insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the National Institute of Statistics and Census (INEC) through a monthly survey of prices across a representative sample of goods and services.
Q: How is this trend used in economic policy?
A: The CPI for Health is used by policymakers, economists, and market analysts to assess inflationary trends and the overall cost of living in Costa Rica, informing decisions on healthcare policy, consumer spending, and monetary policy.
Q: Are there update delays or limitations?
A: The CPI for Health in Costa Rica is published monthly with a relatively short delay, providing timely data for analysts and policymakers. However, the index may be subject to revisions and may not capture all aspects of healthcare costs.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Costa Rica (CRICP060000GYQ), retrieved from FRED.