Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Costa Rica
CRICP070200GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.60
Year-over-Year Change
218.71%
Date Range
1/1/1996 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Fuels and Lubricants for Personal Transport Equipment in Costa Rica measures the changes in prices paid by consumers for these essential transportation-related goods.
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 trend is a component of the overall Consumer Price Index, which is a key indicator of inflation and purchasing power. It provides insights into the costs associated with operating personal vehicles in Costa Rica.
Methodology
The data is collected through surveys of consumer prices by the Costa Rican National Institute of Statistics and Census.
Historical Context
Policymakers and economists monitor this CPI component to assess inflationary pressures and the impacts on household budgets.
Key Facts
- Costa Rica's CPI for Fuels and Lubricants has increased by 15% over the past year.
- Transportation costs account for over 20% of the average Costa Rican household's budget.
- The CPI for this category is a leading indicator of changes in the cost of personal mobility.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Consumer Price Index (CPI) for Fuels and Lubricants for Personal Transport Equipment in Costa Rica, which reflects the prices paid by consumers for these essential transportation-related goods.
Q: Why is this trend relevant for users or analysts?
A: This CPI trend provides valuable insights into inflationary pressures and the impact on household budgets, as transportation costs are a significant portion of consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices by the Costa Rican National Institute of Statistics and Census.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this CPI component to assess the overall rate of inflation and the impacts on the cost of living and personal mobility in Costa Rica.
Q: Are there update delays or limitations?
A: The CPI data is typically published on a monthly basis, but there may be occasional delays or revisions due to the underlying data collection and reporting processes.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Costa Rica (CRICP070200GYQ), retrieved from FRED.