Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Costa Rica
CRICP020000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.23
Year-over-Year Change
2.23%
Date Range
1/1/1995 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Alcoholic Beverages, Tobacco and Narcotics in Costa Rica measures changes in the prices of these products over time, providing insight into consumer spending patterns and inflation.
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
This CPI series tracks the cost of a basket of alcoholic beverages, tobacco, and narcotics purchased by Costa Rican consumers. It is a key economic indicator used to assess the overall cost of living and inflationary pressures in the country.
Methodology
The data is collected through surveys of consumer prices and calculated using a weighted average formula.
Historical Context
Policymakers and analysts monitor this CPI to understand trends in consumer behavior and inform monetary and fiscal policies.
Key Facts
- The CPI for Alcoholic Beverages, Tobacco and Narcotics in Costa Rica has a base year of 2020.
- This index is part of the broader Consumer Price Index (CPI) for Costa Rica.
- The CPI for this category is published monthly by the Central Bank of Costa Rica.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures changes in the prices of alcoholic beverages, tobacco, and narcotics purchased by consumers in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding inflation, consumer spending patterns, and the overall cost of living in Costa Rica.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys and calculated using a weighted average formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI trend to inform monetary and fiscal policies, as well as to understand consumer behavior and inflationary pressures.
Q: Are there update delays or limitations?
A: The CPI for Alcoholic Beverages, Tobacco and Narcotics in Costa Rica is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Costa Rica (CRICP020000IXNBM), retrieved from FRED.