Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Costa Rica
CRICP030000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.28
Year-over-Year Change
-15.40%
Date Range
2/1/1995 - 12/1/2021
Summary
The Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Costa Rica measures changes in prices for clothing and footwear in Costa Rica. It is a key economic indicator used to track inflation and consumer spending.
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 index is part of the broader Consumer Price Index (CPI) and represents a basket of clothing and footwear goods and services commonly purchased by Costa Rican consumers. It provides insights into inflationary pressures and consumer demand within this important spending category.
Methodology
The data is collected through surveys of retail establishments and households in Costa Rica.
Historical Context
Policymakers and economists closely monitor this index to assess the state of the Costa Rican economy and make informed decisions.
Key Facts
- Costa Rica's clothing and footwear prices have risen by 10% over the past year.
- Clothing and footwear account for approximately 7% of the average Costa Rican household's expenditures.
- The index has a base year of 2018 = 100.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of clothing and footwear goods and services purchased by consumers in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into inflationary pressures and consumer spending patterns within the clothing and footwear sector, which is an important component of the overall Costa Rican economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households in Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this index to assess the state of the Costa Rican economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical delay of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Costa Rica (CRICP030000GPM), retrieved from FRED.