Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing (Housing Excluding Imputed Rentals for Housing) for Costa Rica
CRICPGRLH02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
-59.34%
Date Range
1/1/1996 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Services Less Housing (Housing Excluding Imputed Rentals for Housing) in Costa Rica measures changes in the prices of services excluding housing costs. It is a key indicator of inflation and consumer spending 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 CPI for Services Less Housing (Housing Excluding Imputed Rentals for Housing) tracks the prices of a basket of services purchased by Costa Rican consumers, excluding housing costs. This index is a useful metric for assessing underlying inflationary pressures and consumer demand apart from volatile housing expenses.
Methodology
The data is collected through a survey of prices for a representative sample of goods and services purchased by Costa Rican households.
Historical Context
Economists and policymakers monitor this CPI index to gauge the overall health of the Costa Rican economy and guide monetary and fiscal policy decisions.
Key Facts
- The base year for this CPI index is 2010.
- Services account for over 50% of household spending in Costa Rica.
- This index excludes volatile housing costs to provide a cleaner signal of underlying inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services Less Housing (Housing Excluding Imputed Rentals for Housing) measures changes in the prices of a basket of services purchased by consumers in Costa Rica, excluding housing costs.
Q: Why is this trend relevant for users or analysts?
A: This CPI index is an important indicator of underlying inflationary pressures and consumer demand in the Costa Rican economy, separate from volatile housing expenses.
Q: How is this data collected or calculated?
A: The data is collected through a survey of prices for a representative sample of goods and services purchased by Costa Rican households.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this CPI index to gauge the overall health of the Costa Rican economy and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the index may not fully capture all service sector price changes in the Costa Rican economy.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing (Housing Excluding Imputed Rentals for Housing) for Costa Rica (CRICPGRLH02GYQ), retrieved from FRED.