Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Costa Rica
CRICP030000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.99
Year-over-Year Change
-4.49%
Date Range
1/1/1995 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Clothing and Footwear (COICOP 03) in Costa Rica measures the price changes of apparel, shoes, and related items over time. This index is a key indicator of consumer inflation and purchasing power within the retail sector.
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 CPI for Clothing and Footwear in Costa Rica is a subcomponent of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This index provides valuable insights into inflationary pressures and consumer behavior within the apparel and footwear market.
Methodology
The data is collected through regular surveys of retail prices across Costa Rica.
Historical Context
Policymakers and analysts use this index to assess the broader state of the Costa Rican economy and consumer spending patterns.
Key Facts
- The CPI for Clothing and Footwear in Costa Rica has a base year of 2018.
- This index accounts for approximately 4.3% of the overall Costa Rican CPI basket.
- From January 2021 to January 2022, the CPI for Clothing and Footwear increased by 5.2%.
FAQs
Q: What does this economic trend measure?
A: The CPI for Clothing and Footwear in Costa Rica measures the price changes of apparel, shoes, and related items over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into inflationary pressures and consumer behavior within the apparel and footwear market in Costa Rica, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail prices across Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the broader state of the Costa Rican economy and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be occasional delays or revisions due to the nature of data collection.
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Citation
U.S. Federal Reserve, Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Costa Rica (CRICP030000IXNBQ), retrieved from FRED.