Consumer Price Index: Health (COICOP 06): Total for Costa Rica
CRICP060000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
-8.79%
Date Range
4/1/1995 - 10/1/2021
Summary
The Consumer Price Index (CPI) for Health in Costa Rica measures changes in the prices of goods and services related to healthcare, including medical services, pharmaceuticals, and medical equipment. This index is a key economic indicator for understanding inflation and cost-of-living trends in the healthcare 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 Health 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. The Health CPI specifically focuses on the prices paid for healthcare-related items and is used by policymakers, economists, and market analysts to gauge inflationary pressures and consumer purchasing power within the healthcare industry.
Methodology
The data is collected through regular surveys of consumer prices by the Costa Rican National Institute of Statistics and Census.
Historical Context
The Health CPI is closely monitored by the Central Bank of Costa Rica and other government agencies to inform macroeconomic policy decisions and assess the impact of healthcare costs on the overall cost of living.
Key Facts
- The Health CPI in Costa Rica has a base year of 2017.
- Healthcare accounts for approximately 7% of the overall CPI basket in Costa Rica.
- The Health CPI reached its highest level on record in 2021.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Health in Costa Rica measures changes in the prices of goods and services related to healthcare, including medical services, pharmaceuticals, and medical equipment.
Q: Why is this trend relevant for users or analysts?
A: The Health CPI is a key indicator for understanding inflation and cost-of-living trends in the healthcare sector, which is important for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices by the Costa Rican National Institute of Statistics and Census.
Q: How is this trend used in economic policy?
A: The Health CPI is closely monitored by the Central Bank of Costa Rica and other government agencies to inform macroeconomic policy decisions and assess the impact of healthcare costs on the overall cost of living.
Q: Are there update delays or limitations?
A: The Health CPI data is published regularly by the Costa Rican National Institute of Statistics and Census, with typical update delays of a few months.
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Citation
U.S. Federal Reserve, Consumer Price Index: Health (COICOP 06): Total for Costa Rica (CRICP060000GPQ), retrieved from FRED.