Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Costa Rica
Quarterly
CRICP090000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.89
Year-over-Year Change
6.16%
Date Range
1/1/1995 - 10/1/2021
Summary
The Quarterly Consumer Price Index for All Urban Consumers (CPI-U) measures changes in the prices paid by urban consumers for a basket of consumer goods and services.
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 Quarterly CPI-U is a key indicator of inflation and a primary gauge of consumer purchasing power used by policymakers, businesses, and households to understand changes in the cost of living over time.
Methodology
The U.S. Bureau of Labor Statistics collects price data from a sample of retail and service establishments and calculates the CPI-U on a quarterly basis.
Historical Context
The CPI-U is a critical input for adjusting Social Security benefits, setting monetary policy, and negotiating wages and contracts.
Key Facts
- The CPI-U covers about 93% of the total U.S. population.
- Shelter and transportation are the two largest components of the CPI-U basket.
- The CPI-U is calculated by comparing current prices to a base period.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Consumer Price Index for All Urban Consumers (CPI-U) measures changes in the prices paid by urban consumers for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI-U is a key indicator of inflation and a primary gauge of consumer purchasing power, making it a critical data point for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from a sample of retail and service establishments and calculates the CPI-U on a quarterly basis.
Q: How is this trend used in economic policy?
A: The CPI-U is a critical input for adjusting Social Security benefits, setting monetary policy, and negotiating wages and contracts.
Q: Are there update delays or limitations?
A: The CPI-U is published on a quarterly basis, with a typical release delay of about two weeks after the end of the quarter.
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Citation
U.S. Federal Reserve, Quarterly Consumer Price Index for All Urban Consumers (CRICP090000IXOBQ), retrieved from FRED.