Consumer Price Index: Transport (COICOP 07): Total for Costa Rica
CRICP070000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.26
Year-over-Year Change
14.26%
Date Range
1/1/1995 - 12/1/2021
Summary
The Consumer Price Index: Transport (COICOP 07): Total for Costa Rica measures the change in prices for transportation-related goods and services in the country. It is a key indicator used by economists and policymakers to track inflation and consumer spending patterns.
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: Transport (COICOP 07): Total for Costa Rica is a subcomponent of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The transportation component specifically measures costs related to private and public transport, fuel, and vehicle maintenance.
Methodology
The data is collected through a survey of consumer prices in Costa Rica and calculated using a weighted average.
Historical Context
This economic indicator is used by the Central Bank of Costa Rica and other institutions to assess inflationary pressures and consumer demand.
Key Facts
- Transport costs account for around 15% of the Costa Rican CPI basket.
- The index has increased by an average of 4.5% annually over the past decade.
- Transportation is the third-largest component of the overall CPI after housing and food.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Transport (COICOP 07): Total for Costa Rica measures the change in prices for transportation-related goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key metric used by economists and policymakers to track inflation and consumer spending patterns, particularly in the transportation sector.
Q: How is this data collected or calculated?
A: The data is collected through a survey of consumer prices in Costa Rica and calculated using a weighted average.
Q: How is this trend used in economic policy?
A: The Central Bank of Costa Rica and other institutions use this indicator to assess inflationary pressures and consumer demand.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for Costa Rica (CRICP070000IXNBM), retrieved from FRED.