Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Costa Rica
CRICP050000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.13
Year-over-Year Change
5.96%
Date Range
1/1/1995 - 10/1/2021
Summary
The Consumer Price Index for Furnishings, Household Equipment and Routine Household Maintenance in Costa Rica measures changes in the prices of household goods and services. This provides key insights into consumer spending patterns and inflation trends.
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 tracks the prices of a basket of household items, including furniture, appliances, textiles, and routine maintenance services. It is a important indicator of consumer demand and living standards within Costa Rica.
Methodology
The data is collected through surveys of Costa Rican households and businesses.
Historical Context
Policymakers and analysts use this index to monitor domestic inflation and consumer behavior.
Key Facts
- The index has a base year of 2018.
- Furnishings and household maintenance account for around 5% of the average Costa Rican consumer's spending.
- Prices for this category have risen by 8.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: This index tracks the prices of a basket of household items in Costa Rica, including furniture, appliances, textiles, and routine maintenance services.
Q: Why is this trend relevant for users or analysts?
A: This is an important indicator of consumer demand and living standards within Costa Rica, providing insights into domestic inflation and spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Costa Rican households and businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor domestic inflation and consumer behavior, informing decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The index is updated monthly, with a short delay of 2-3 weeks for data compilation and publication.
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Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Costa Rica (CRICP050000IXNBQ), retrieved from FRED.