Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Costa Rica
CRICP050000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.43
Year-over-Year Change
4.80%
Date Range
1/1/1995 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance measures changes in the prices paid by Costa Rican consumers for these goods and services. It is a key indicator of inflation and a critical data point for policymakers and economists.
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 CPI component tracks the prices of a basket of household furnishings, appliances, cleaning supplies, and other items related to maintaining a home. It is an important subset of the overall CPI, which is the most widely used measure of inflation in Costa Rica.
Methodology
The data is collected through surveys of retail establishments and service providers across Costa Rica.
Historical Context
Policymakers use this CPI component, along with other economic indicators, to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- The base year for this CPI series is 2010.
- Household furnishings and appliances account for over 60% of the index.
- This CPI component has risen by an average of 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This CPI measure tracks the prices paid by Costa Rican consumers for a basket of household furnishings, appliances, and routine maintenance goods and services.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is an important indicator of inflationary pressures on household budgets in Costa Rica, providing key data for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers use this CPI component, along with other economic indicators, to assess inflationary pressures and guide monetary policy decisions in Costa Rica.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the release of this CPI data, and the index may not fully capture all household spending patterns.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Costa Rica (CRICP050000IXOBM), retrieved from FRED.