Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Costa Rica
CRICP040500GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.82
Year-over-Year Change
-20.42%
Date Range
1/1/1996 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Electricity, Gas and Other Fuels in Costa Rica measures changes in the prices paid by consumers for household utilities and energy sources. This key economic indicator is closely watched by policymakers to assess inflationary pressures and inform monetary policy decisions.
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 Electricity, Gas and Other Fuels is a component of the broader CPI, which tracks the average change in prices paid by consumers for a basket of goods and services. This utility-focused index is an important gauge of living costs and can signal changes in household budgets and consumer behavior.
Methodology
The data is collected through surveys of consumer expenditures and price observations by Costa Rica's National Institute of Statistics and Censuses.
Historical Context
Policymakers and analysts use this CPI component to monitor inflation and assess the impact of utility price changes on the overall cost of living.
Key Facts
- The CPI for Electricity, Gas and Other Fuels has a base year of 2018.
- Utility costs account for approximately 10% of the overall CPI basket in Costa Rica.
- This index has shown steady increases over the past decade, reflecting rising energy prices.
FAQs
Q: What does this economic trend measure?
A: The CPI for Electricity, Gas and Other Fuels measures changes in the prices paid by consumers in Costa Rica for household utilities and energy sources.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures and living costs, providing insights into household budgets and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and price observations by Costa Rica's National Institute of Statistics and Censuses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to monitor inflation and assess the impact of utility price changes on the overall cost of living.
Q: Are there update delays or limitations?
A: The CPI data is published on a monthly basis with a short lag, providing timely information to policymakers and researchers.
Related Trends
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Costa Rica (CRICP040500GYM), retrieved from FRED.