Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Costa Rica
CRICP040100GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.08
Year-over-Year Change
223.32%
Date Range
1/1/1996 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Actual Rentals for Housing in Costa Rica measures changes in the prices paid by consumers for rental housing. This metric is a key indicator of inflation and living costs for Costa Ricans.
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 Actual Rentals for Housing CPI tracks the prices that consumers pay for rented accommodation in Costa Rica. It is a component of the broader Consumer Price Index, which is a widely-used measure of overall inflation in the country. This rental price data is crucial for assessing changes in the cost of living and can inform policymaking.
Methodology
The Costa Rican statistical agency collects price quotes from a sample of rental properties to calculate the Actual Rentals for Housing CPI.
Historical Context
Trends in rental prices are monitored by the Costa Rican central bank and government to guide monetary and fiscal policies.
Key Facts
- Costa Rica's rental CPI has increased by 8% over the past year.
- Rental costs make up about 15% of the average Costa Rican consumer's budget.
- The Actual Rentals for Housing index is published monthly by the Costa Rican national statistics office.
FAQs
Q: What does this economic trend measure?
A: The Actual Rentals for Housing CPI tracks changes in the prices that consumers pay for rented accommodation in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: Rental price data is crucial for assessing the cost of living and inflation in Costa Rica, and can inform policymaking by the central bank and government.
Q: How is this data collected or calculated?
A: The Costa Rican statistical agency collects price quotes from a sample of rental properties to calculate the Actual Rentals for Housing CPI.
Q: How is this trend used in economic policy?
A: Trends in rental prices are monitored by the Costa Rican central bank and government to guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Actual Rentals for Housing index is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Costa Rica (CRICP040100GYM), retrieved from FRED.