Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Costa Rica
CRICPALTT01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.45
Year-over-Year Change
5.48%
Date Range
1/1/1976 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Costa Rica measures changes in the prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and purchasing power in the Costa Rican 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 Costa Rican CPI is a comprehensive measure of the average change in prices paid by consumers for a fixed market basket of consumer goods and services. It is widely used by economists, policymakers, and the public to monitor inflation trends and inform economic decision-making.
Methodology
The index is calculated based on price data collected from a sample of retail establishments and service providers across Costa Rica.
Historical Context
The CPI is an important input for monetary policy and cost-of-living adjustments in Costa Rica.
Key Facts
- The base year for the Costa Rican CPI is 2015.
- The index covers around 600 individual goods and services.
- CPI data is published monthly by the Central Bank of Costa Rica.
FAQs
Q: What does this economic trend measure?
A: The Costa Rican Consumer Price Index (CPI) measures changes in the prices paid by consumers for a basket of common goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and purchasing power, and is widely used by economists, policymakers, and the public to monitor cost-of-living changes and inform economic decision-making.
Q: How is this data collected or calculated?
A: The index is calculated based on price data collected from a sample of retail establishments and service providers across Costa Rica.
Q: How is this trend used in economic policy?
A: The Costa Rican CPI is an important input for monetary policy and cost-of-living adjustments in the country.
Q: Are there update delays or limitations?
A: The CPI data is published monthly by the Central Bank of Costa Rica with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Costa Rica (CRICPALTT01IXOBQ), retrieved from FRED.