Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Costa Rica
Monthly
CRIPRMNTO01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.59
Year-over-Year Change
9.71%
Date Range
1/1/1991 - 3/1/2024
Summary
The Monthly Consumer Retail Price Index (CRIPRMNTO01IXOBSAM) tracks changes in the prices of a basket of consumer goods and services. It is a key economic indicator used to measure inflation and consumer purchasing power.
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 Monthly Consumer Retail Price Index (CRIPRMNTO01IXOBSAM) is a widely-used measure of inflation in the United States. It represents the average change in prices paid by consumers for a fixed market basket of goods and services, which include food, housing, apparel, transportation, medical care, recreation, education, and other expenditures.
Methodology
The index is calculated by the U.S. Bureau of Labor Statistics based on surveys of prices paid by consumers.
Historical Context
The CPI is a crucial metric for policymakers, economists, and financial markets in evaluating the state of the economy and informing monetary and fiscal policy decisions.
Key Facts
- The CPI is calculated based on a 'basket' of over 80,000 consumer goods and services.
- The CPI is a leading indicator used by the Federal Reserve to set monetary policy.
- Changes in the CPI directly impact the purchasing power of consumers and household budgets.
FAQs
Q: What does this economic trend measure?
A: The Monthly Consumer Retail Price Index (CRIPRMNTO01IXOBSAM) measures the average change in prices paid by consumers for a fixed market basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial indicator used by policymakers, economists, and financial markets to evaluate inflation and the purchasing power of consumers.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics based on surveys of prices paid by consumers.
Q: How is this trend used in economic policy?
A: The CPI is a key metric used by the Federal Reserve to set monetary policy and make decisions that impact interest rates, inflation, and the broader economy.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a typical 2-week delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Monthly Consumer Retail Price Index (CRIPRMNTO01IXOBSAM), retrieved from FRED.