Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Costa Rica
CRICPALTT01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.52
Year-over-Year Change
3.50%
Date Range
1/1/1976 - 1/1/2022
Summary
The Consumer Price Index (CPI) for Costa Rica measures changes in the prices paid by consumers for a basket of goods and services. This key economic indicator is closely watched by policymakers to monitor inflation and guide monetary policy decisions.
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 Costa Rica tracks the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. It is a widely used measure of inflation and an important economic indicator for analyzing the purchasing power of the Costa Rican colón.
Methodology
The data is collected through a survey of households and retail establishments across Costa Rica.
Historical Context
The CPI is a critical input for Costa Rican policymakers in setting interest rates and managing inflation.
Key Facts
- Costa Rica's CPI has a base year of 2010.
- The CPI basket includes over 300 goods and services.
- The CPI is published monthly by the Central Bank of Costa Rica.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Costa Rica measures changes in the prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation that is closely watched by policymakers, economists, and market analysts to assess the purchasing power of the Costa Rican colón and guide economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through a survey of households and retail establishments across Costa Rica.
Q: How is this trend used in economic policy?
A: The CPI is a critical input for Costa Rican policymakers in setting interest rates and managing inflation to promote economic stability and growth.
Q: Are there update delays or limitations?
A: The CPI data is published monthly by the Central Bank of Costa Rica with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Costa Rica (CRICPALTT01IXOBM), retrieved from FRED.