Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Costa Rica
CRICP110000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.25
Year-over-Year Change
3.25%
Date Range
1/1/1995 - 12/1/2021
Summary
The Consumer Price Index for Restaurants and Hotels (COICOP 11) measures the change in prices for food away from home, accommodations, and related services in Costa Rica. This key indicator helps economists and policymakers assess consumer inflation and purchasing power.
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 Restaurants and Hotels CPI tracks the prices of a basket of goods and services related to dining out, lodging, and other hospitality expenses for Costa Rican consumers. This index is a sub-component of the broader Consumer Price Index and provides insight into a major discretionary spending category.
Methodology
The data is collected through surveys of businesses and consumers by the Costa Rican national statistics agency.
Historical Context
Policymakers and analysts use this CPI component to understand inflationary pressures and consumer behavior in the hospitality sector.
Key Facts
- Costa Rica's Restaurants and Hotels CPI has risen by 13% over the past 5 years.
- Dining out and accommodations account for over 11% of the average Costa Rican consumer's monthly expenditures.
- The Restaurants and Hotels CPI is tracked as a leading indicator of consumer confidence and spending.
FAQs
Q: What does this economic trend measure?
A: The Restaurants and Hotels CPI measures changes in prices for food away from home, accommodations, and related services in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into a major discretionary spending category for Costa Rican consumers, helping economists and policymakers assess inflationary pressures and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers by the Costa Rican national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Restaurants and Hotels CPI to understand inflationary pressures and consumer behavior in the hospitality sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Costa Rica (CRICP110000IXNBM), retrieved from FRED.