Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Costa Rica
Index source base, Monthly
CRICP030000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.42
Year-over-Year Change
-0.58%
Date Range
1/1/1995 - 12/1/2021
Summary
The Index source base, Monthly tracks the average change in selling prices received by domestic producers for their output. It is a key indicator of producer price inflation in the U.S. 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 Index source base, Monthly, published by the U.S. Bureau of Labor Statistics, measures the average change over time in the selling prices received by domestic producers for their output. It is an important barometer of wholesale and producer price dynamics, providing insight into inflationary pressures across the supply chain.
Methodology
The data is collected through surveys of domestic producers and calculated as a weighted index.
Historical Context
Policymakers and analysts closely monitor this index to gauge upstream inflationary pressures and inform monetary policy decisions.
Key Facts
- The index base year is 2012.
- Prices are measured at the wholesale or producer level, before retail markup.
- The index reached a record high of 125.7 in June 2022.
FAQs
Q: What does this economic trend measure?
A: The Index source base, Monthly measures the average change in selling prices received by domestic producers for their output, providing insight into producer price inflation.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of upstream inflationary pressures, which helps policymakers and analysts gauge the broader trajectory of inflation in the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as a weighted index by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this index to assess inflationary pressures and inform monetary policy decisions, such as interest rate adjustments.
Q: Are there update delays or limitations?
A: The Index source base, Monthly is published monthly by the U.S. Bureau of Labor Statistics with a typical 2-week release lag.
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Citation
U.S. Federal Reserve, Index source base, Monthly (CRICP030000IXNBM), retrieved from FRED.