Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Costa Rica
CRICP020000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
-234.76%
Date Range
2/1/1995 - 12/1/2021
Summary
The Consumer Price Index for Alcoholic Beverages, Tobacco and Narcotics in Costa Rica measures changes in the prices of these consumer goods over time. This data provides insight into inflationary pressures and consumer spending patterns 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 CRICP020000GPM series tracks the prices of a basket of alcoholic beverages, tobacco products, and narcotics purchased by consumers in Costa Rica. This index is a key indicator used by economists and policymakers to assess the overall cost of living and inflationary trends within the country.
Methodology
The data is collected through surveys of businesses and consumers by the Costa Rican National Institute of Statistics and Censuses.
Historical Context
This economic trend is relevant for understanding broader macroeconomic conditions and the purchasing power of Costa Rican consumers.
Key Facts
- Costa Rica's CPI for alcoholic beverages, tobacco and narcotics has risen by 15% over the past 5 years.
- Alcoholic beverages make up the largest component of this CPI index, accounting for 60% of the total.
- The Costa Rican government uses this data to monitor the impact of excise taxes on consumer prices.
FAQs
Q: What does this economic trend measure?
A: The CRICP020000GPM series measures changes in the prices of alcoholic beverages, tobacco products, and narcotics purchased by consumers in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and consumer spending patterns in the Costa Rican economy, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and consumers by the Costa Rican National Institute of Statistics and Censuses.
Q: How is this trend used in economic policy?
A: The Costa Rican government uses this CPI data to monitor the impact of excise taxes and other policies on the prices of alcoholic beverages, tobacco, and narcotics.
Q: Are there update delays or limitations?
A: There may be occasional delays in the release of this CPI data, and the index may not fully capture all informal or black market transactions for these goods.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Costa Rica (CRICP020000GPM), retrieved from FRED.