Consumer Prices for Costa Rica
CRIPCPIEPCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
48.00%
Date Range
1/1/1980 - 1/1/2030
Summary
The Consumer Prices for Costa Rica trend measures the change in prices paid by consumers for a basket of goods and services in Costa Rica. It is a key indicator of inflation and cost of living in the country.
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 Prices for Costa Rica series tracks the price changes of a representative basket of consumer goods and services in Costa Rica. It is used by policymakers, economists, and the public to assess the overall price level and purchasing power in the country.
Methodology
The data is collected through surveys of consumer expenditures and prices by Costa Rica's National Institute of Statistics and Censuses.
Historical Context
The Consumer Prices trend is closely monitored by the Central Bank of Costa Rica to inform monetary policy decisions.
Key Facts
- Costa Rica's consumer price index uses a base year of 2018.
- The index tracks prices across 12 major expenditure categories.
- Costa Rica has experienced relatively low and stable inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Prices for Costa Rica trend measures the change in prices paid by consumers for a representative basket of goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of inflation and the overall cost of living in Costa Rica, which is important for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by Costa Rica's National Institute of Statistics and Censuses.
Q: How is this trend used in economic policy?
A: The Consumer Prices trend is closely monitored by the Central Bank of Costa Rica to inform monetary policy decisions and manage inflation.
Q: Are there update delays or limitations?
A: The Consumer Prices data for Costa Rica is released on a monthly basis with a short delay, providing timely information on price changes.
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Citation
U.S. Federal Reserve, Consumer Prices for Costa Rica (CRIPCPIEPCH), retrieved from FRED.