Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Costa Rica
CRICPGRLE01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.12
Year-over-Year Change
1.40%
Date Range
2/1/1995 - 1/1/2022
Summary
The Consumer Price Index (CPI) for All Items Non-Food Non-Energy in Costa Rica measures changes in the prices of consumer goods and services, excluding food and energy, providing insights into broader inflationary trends.
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
This CPI series tracks the weighted average changes in the prices paid by consumers for a basket of goods and services, excluding food and energy items, which are typically more volatile. It serves as an important indicator of underlying inflationary pressures in the Costa Rican economy.
Methodology
The data is collected through surveys of prices paid by consumers and calculated using a base-weighted aggregate index formula.
Historical Context
Policymakers and analysts use this index to monitor and assess the effectiveness of monetary and fiscal policies in managing stable prices.
Key Facts
- Costa Rica's CPI for All Items Non-Food Non-Energy has a base year of 2015.
- This index excludes volatile food and energy prices to provide a more stable measure of underlying inflation.
- The index is published monthly by the Central Bank of Costa Rica.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures changes in the prices of consumer goods and services in Costa Rica, excluding food and energy items, to provide a gauge of underlying inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: This CPI trend is relevant for users and analysts as it offers a more stable measure of inflation, excluding the volatility of food and energy prices, to better inform policymaking and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers and calculated using a base-weighted aggregate index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor and assess the effectiveness of monetary and fiscal policies in managing stable prices in the Costa Rican economy.
Q: Are there update delays or limitations?
A: The CPI for All Items Non-Food Non-Energy in Costa Rica is published monthly, with minimal update delays, providing timely data for economic analysis and policymaking.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Costa Rica (CRICPGRLE01GPM), retrieved from FRED.