Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Costa Rica
CRICPGRGO01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.03
Year-over-Year Change
287.63%
Date Range
1/1/1996 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Goods in Costa Rica measures the change in prices for a basket of consumer goods and services over time. This key economic indicator provides insights into inflation and the purchasing power of consumers.
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 Goods in Costa Rica tracks the prices of a representative sample of consumer goods, excluding services. It is a widely used metric to assess the cost of living and inflationary pressures in the Costa Rican economy.
Methodology
The CPI data is collected monthly by the Costa Rican National Institute of Statistics and Census (INEC) through surveys of households and businesses.
Historical Context
The CPI for Goods in Costa Rica is a valuable tool for policymakers, businesses, and consumers to understand economic conditions and inform decision-making.
Key Facts
- The CPI for Goods in Costa Rica has a base year of 2020.
- The index covers a wide range of consumer goods, including food, beverages, clothing, and household items.
- Costa Rica's CPI for Goods is published monthly by the National Institute of Statistics and Census.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Goods in Costa Rica measures the change in prices for a basket of consumer goods over time, providing insights into inflation and the purchasing power of consumers.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Goods in Costa Rica is a key economic indicator used by policymakers, businesses, and consumers to understand inflationary pressures and the cost of living in the country.
Q: How is this data collected or calculated?
A: The CPI data is collected monthly by the Costa Rican National Institute of Statistics and Census (INEC) through surveys of households and businesses.
Q: How is this trend used in economic policy?
A: The CPI for Goods in Costa Rica is used by the government, central bank, and other institutions to monitor inflation, guide monetary policy, and inform decision-making related to the cost of living and consumer purchasing power.
Q: Are there update delays or limitations?
A: The CPI for Goods in Costa Rica is published monthly with a short delay, providing timely information on price changes. However, the index may not fully capture all aspects of consumer spending and inflation.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Costa Rica (CRICPGRGO01GYM), retrieved from FRED.