Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Costa Rica
CRICP100000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
-95.86%
Date Range
1/1/1996 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Education in Costa Rica tracks changes in the prices of educational goods and services over time. This metric is a key indicator of inflation and cost-of-living trends in the education sector.
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 Education CPI for Costa Rica is part of the broader Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP) measurement systems. It captures price changes for a representative basket of educational products and services, providing insight into the costs faced by consumers and households.
Methodology
The data is collected through regular surveys of prices across a sample of educational institutions and vendors in Costa Rica.
Historical Context
Policymakers and economists use the Education CPI to assess inflationary pressures and make informed decisions about educational spending and investments.
Key Facts
- The Education CPI is a component of the overall Consumer Price Index for Costa Rica.
- Education costs have increased by 5.2% over the past year, according to the latest data.
- The Education CPI is used to adjust educational budgets and plan investments in the sector.
FAQs
Q: What does this economic trend measure?
A: The Education CPI for Costa Rica measures changes in the prices of educational goods and services, including tuition, fees, books, and other school-related costs.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI is an important indicator of inflation and cost-of-living pressures in the education sector, which is crucial for policymakers, institutions, and households to understand.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices across a sample of educational institutions and vendors in Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the Education CPI to assess inflationary pressures and make informed decisions about educational spending and investments.
Q: Are there update delays or limitations?
A: The Education CPI for Costa Rica is published on a monthly basis, with a typical 1-2 month delay in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Costa Rica (CRICP100000GYQ), retrieved from FRED.