Consumer Price Index: OECD Groups: Goods: Total for Costa Rica
CRICPGRGO01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.17
Year-over-Year Change
38.23%
Date Range
2/1/1995 - 12/1/2021
Summary
The Consumer Price Index: OECD Groups: Goods: Total for Costa Rica measures the overall price changes of goods purchased by consumers in Costa Rica. This key economic indicator is closely monitored by policymakers to assess inflationary pressures.
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 Consumer Price Index (CPI) is a widely used measure of inflation that tracks the changes in the prices of a basket of consumer goods and services. The CPI for OECD goods in Costa Rica specifically focuses on price movements for durable and non-durable goods, providing insights into broader economic conditions.
Methodology
The data is collected through surveys of prices paid by Costa Rican consumers for a representative sample of goods.
Historical Context
Central banks and economic analysts use the CPI data to inform monetary and fiscal policy decisions.
Key Facts
- The base year for the Costa Rican CPI for OECD goods is 2015.
- Goods account for approximately 60% of the total CPI basket in Costa Rica.
- The CPI for OECD goods is published monthly by the Central Bank of Costa Rica.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: OECD Groups: Goods: Total for Costa Rica measures the changes in the prices of a basket of consumer goods purchased in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This CPI trend provides important insights into inflationary pressures and the overall cost of living in Costa Rica, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by Costa Rican consumers for a representative sample of goods.
Q: How is this trend used in economic policy?
A: Central banks and economic analysts use the CPI data to inform monetary and fiscal policy decisions, such as setting interest rates and adjusting government spending.
Q: Are there update delays or limitations?
A: The CPI for OECD goods in Costa Rica is published monthly, with a typical release lag of 2-3 weeks.
Related Trends
Consumer Price Index: OECD Groups: Services: Total for Costa Rica
CRICPGRSE01GPQ
Liquid Assets to Deposits and Short Term Funding for Costa Rica
DDSI06CRA156NWDB
Infant Mortality Rate for Costa Rica
SPDYNIMRTINCRI
Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Costa Rica
CRIIRLTLT01STM
National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Costa Rica
CRINAEXKP02STSAQ
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Costa Rica
CRIPRCNTO01IXOBSAQ
Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Goods: Total for Costa Rica (CRICPGRGO01GPM), retrieved from FRED.