Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Costa Rica
CRICP010000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
56.98%
Date Range
2/1/1995 - 1/1/2022
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages measures changes in the prices paid by consumers in Costa Rica for a basket of food and non-alcoholic drink items. This metric is a key indicator of 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 CPI Food and Non-Alcoholic Beverages index tracks the monthly price changes of a representative basket of food and non-alcoholic drink products purchased by Costa Rican households. It is an important economic indicator used to assess cost-of-living trends and guide monetary and fiscal policy decisions.
Methodology
The data is collected through surveys of retail establishments and households by the Costa Rican National Institute of Statistics and Censuses.
Historical Context
Policymakers and economists monitor this CPI component to understand inflationary pressures and consumer behavior within the Costa Rican market.
Key Facts
- Costa Rica's CPI for Food and Non-Alcoholic Beverages has a base year of 2018.
- Food and non-alcoholic beverages account for over 30% of the Costa Rican consumer price index basket.
- Prices for this CPI component increased by 8.7% in Costa Rica over the past 12 months.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages measures the monthly change in prices paid by consumers in Costa Rica for a representative basket of food and non-alcoholic drink products.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a key indicator of inflationary pressures and consumer purchasing power in the Costa Rican market, making it highly relevant for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by the Costa Rican National Institute of Statistics and Censuses.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this CPI component to assess cost-of-living trends and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI Food and Non-Alcoholic Beverages data for Costa Rica is typically published on a monthly basis with a short lag, providing timely information to analysts and policymakers.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Costa Rica (CRICP010000GPM), retrieved from FRED.