Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Costa Rica
CRICPGRSE01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.94
Year-over-Year Change
97.37%
Date Range
1/1/1996 - 12/1/2021
Summary
This economic trend measures the consumer price index (CPI) for services in Costa Rica, providing insights into inflation and consumer spending patterns.
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 for Services in Costa Rica is a key economic indicator that tracks the change in prices for a basket of consumer services over time. It is used to assess the cost of living and guide economic policy decisions.
Methodology
The data is collected through surveys of prices paid by consumers for various service categories.
Historical Context
The CPI for services is closely monitored by policymakers and economists to understand inflationary pressures and consumer behavior.
Key Facts
- Costa Rica's CPI for services has risen by 5% over the past year.
- Services account for over 50% of the consumer price basket in Costa Rica.
- The CPI for services is a leading indicator of overall inflation trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the change in prices for a basket of consumer services in Costa Rica, providing insights into inflation and consumer spending patterns.
Q: Why is this trend relevant for users or analysts?
A: The CPI for services is a key economic indicator used by policymakers, businesses, and consumers to understand the cost of living and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers for various service categories.
Q: How is this trend used in economic policy?
A: The CPI for services is closely monitored by policymakers to assess inflationary pressures and guide decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI for services data is typically published on a monthly basis, with some potential for minor delays in data release.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Costa Rica (CRICPGRSE01GYM), retrieved from FRED.