Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Costa Rica
CRICP120000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.34
Year-over-Year Change
0.70%
Date Range
1/1/1995 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services in Costa Rica tracks changes in the prices of a wide range of consumer items, providing insight into broader inflationary trends in the economy.
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 Miscellaneous Goods and Services is a subcomponent of the overall Consumer Price Index, which is a key economic indicator used to measure the rate of inflation. This specific index focuses on a diverse basket of products and services not captured in other CPI categories.
Methodology
The data is collected through surveys of consumer prices by the Costa Rican national statistics agency.
Historical Context
Policymakers and analysts use this index to assess the cost of living and overall price pressures in the Costa Rican economy.
Key Facts
- The base year for the CPI index is 2017 = 100.
- Miscellaneous goods and services account for around 6% of the Costa Rican CPI basket.
- The index has risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Miscellaneous Goods and Services in Costa Rica tracks changes in the prices of a wide range of consumer products and services not captured in other CPI categories.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into broader inflationary pressures in the Costa Rican economy, which is useful for policymakers, consumers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by the Costa Rican national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the cost of living and overall price dynamics in the Costa Rican economy, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month lag, and the methodology and basket composition may be subject to periodic revisions.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Costa Rica (CRICP120000IXOBM), retrieved from FRED.