Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Costa Rica
Quarterly
CRICP020000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.62
Year-over-Year Change
-49.75%
Date Range
1/1/1996 - 10/1/2021
Summary
The Quarterly Crude Index (CRICP020000GYQ) measures the quarterly change in the price of crude oil, a key global commodity. This metric is closely monitored by economists and policymakers to assess energy market conditions and their broader economic implications.
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 Quarterly Crude Index tracks the quarterly percent change in the price of crude oil, which is a crucial input for many industries and a major component of consumer energy costs. This measure provides insight into the dynamics of global energy markets and is used to inform economic forecasting and policy decisions.
Methodology
The data is calculated by the U.S. Federal Reserve based on crude oil price information.
Historical Context
Policymakers and analysts utilize the Quarterly Crude Index to evaluate the impact of energy price fluctuations on inflation, consumer spending, and broader economic activity.
Key Facts
- Crude oil is a globally traded commodity essential for transportation and industrial production.
- Energy costs significantly impact consumer price inflation and household budgets.
- Crude oil price changes can have ripple effects throughout the economy.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Crude Index (CRICP020000GYQ) measures the quarterly percent change in the price of crude oil, a key global commodity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into energy market dynamics and is used to assess the broader economic implications of crude oil price fluctuations.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on crude oil price information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts utilize the Quarterly Crude Index to evaluate the impact of energy price changes on inflation, consumer spending, and overall economic activity.
Q: Are there update delays or limitations?
A: The Quarterly Crude Index data is published in a timely manner, though there may be minor lags in reflecting the most recent market conditions.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Costa Rica
CRICP010000GYM
National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Costa Rica
CRINAEXCP03STSAQ
International Trade: Imports: Value (Goods): Total for Costa Rica
CRIXTIMVA01STSAQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Costa Rica
CRICP080000GYM
Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Costa Rica
CRIIR3TIB01STM
Value of Exports to Costa Rica from Georgia
GACRIA052SCEN
Citation
U.S. Federal Reserve, Quarterly Crude Index (CRICP020000GYQ), retrieved from FRED.