Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Costa Rica
CRICP100000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.17
Year-over-Year Change
3.65%
Date Range
1/1/1995 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Education in Costa Rica measures the changes in the prices of educational goods and services purchased by consumers. This key economic indicator helps policymakers and analysts understand inflation 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 CPI for Education in Costa Rica is part of the broader Consumer Price Index (CPI), which tracks the average change in prices paid by consumers for a basket of goods and services. The Education CPI specifically focuses on the costs of tuition, school supplies, and other educational expenditures, providing insight into inflationary pressures in the education system.
Methodology
The data is collected through regular surveys of consumer prices by the Costa Rican National Institute of Statistics and Censuses (INEC).
Historical Context
The Education CPI is used by the Central Bank of Costa Rica and other policymakers to inform monetary and fiscal policies aimed at managing overall inflation in the country.
Key Facts
- The base year for the Costa Rica CPI Education index is 2017.
- Education accounts for approximately 3.8% of the overall Costa Rica CPI basket.
- The Costa Rica CPI Education index has increased by 8.2% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Education in Costa Rica measures the changes in the prices of educational goods and services purchased by consumers, including tuition, school supplies, and other education-related costs.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI provides important insights into inflationary pressures in the education sector, which is crucial for policymakers and analysts to understand in the context of overall economic and social development.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys conducted by the Costa Rican National Institute of Statistics and Censuses (INEC).
Q: How is this trend used in economic policy?
A: The Education CPI is used by the Central Bank of Costa Rica and other policymakers to inform monetary and fiscal policies aimed at managing overall inflation in the country.
Q: Are there update delays or limitations?
A: The Education CPI data for Costa Rica is published monthly with a typical lag of 2-3 weeks, providing timely information to policymakers and analysts.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Costa Rica (CRICP100000IXOBQ), retrieved from FRED.