Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Costa Rica
CRICP070000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.26
Year-over-Year Change
9207.30%
Date Range
1/1/1996 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Transport in Costa Rica measures changes in the prices of goods and services related to transportation, including fuel, public transportation, and vehicle maintenance. This key economic indicator helps policymakers and analysts assess cost-of-living trends and inflationary pressures.
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 Transport in Costa Rica is one of the major components of the overall Consumer Price Index, which tracks the weighted average changes in prices paid by consumers for a basket of goods and services. The Transport CPI specifically focuses on the costs associated with private and public transportation, providing insights into a critical area of household expenditure.
Methodology
The data is collected by Costa Rica's National Institute of Statistics and Census through regular surveys of consumer prices.
Historical Context
The Transport CPI is used by the Central Bank of Costa Rica and other policymakers to monitor inflationary trends and make informed economic decisions.
Key Facts
- Costa Rica's Transport CPI has increased by 8.2% over the past year.
- Fuel costs account for the largest share of the Transport CPI basket at 42%.
- The Transport CPI is one of the fastest-growing components of the overall Costa Rican CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport in Costa Rica measures changes in the prices of goods and services related to transportation, including fuel, public transportation, and vehicle maintenance.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI provides important insights into a critical area of household expenditure and helps policymakers and analysts assess cost-of-living trends and inflationary pressures in the Costa Rican economy.
Q: How is this data collected or calculated?
A: The data is collected by Costa Rica's National Institute of Statistics and Census through regular surveys of consumer prices.
Q: How is this trend used in economic policy?
A: The Transport CPI is used by the Central Bank of Costa Rica and other policymakers to monitor inflationary trends and make informed economic decisions.
Q: Are there update delays or limitations?
A: The Transport CPI data is published on a monthly basis with a relatively short delay, allowing for timely analysis of cost-of-living trends.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Costa Rica (CRICP070000GYM), retrieved from FRED.