Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Costa Rica
CRICP060000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.16
Year-over-Year Change
59.42%
Date Range
1/1/1996 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Health in Costa Rica measures the changes in prices of goods and services related to healthcare and medical treatment. This key economic indicator provides insight into the cost of living and inflationary pressures for 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 Costa Rica CPI for Health is part of the Harmonized Index of Consumer Prices (HICP) based on the Classification of Individual Consumption by Purpose (COICOP) standards. It tracks price changes for a basket of healthcare-related products and services, offering valuable data for policymakers and analysts assessing economic conditions.
Methodology
The Costa Rica CPI for Health data is collected through regular surveys of consumer prices across the country.
Historical Context
The Health CPI is used to monitor inflation and guide economic policies affecting the healthcare industry.
Key Facts
- Costa Rica CPI for Health has a base year of 2016.
- Healthcare costs account for over 6% of Costa Rica's consumer basket.
- The Health CPI has risen by an average of 3.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Costa Rica CPI for Health measures the changes in prices of goods and services related to healthcare and medical treatment in the country.
Q: Why is this trend relevant for users or analysts?
A: The Health CPI provides valuable data on inflationary pressures and the cost of living in the healthcare sector, which is crucial for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys across Costa Rica.
Q: How is this trend used in economic policy?
A: The Health CPI is used to monitor inflation and guide economic policies affecting the healthcare industry in Costa Rica.
Q: Are there update delays or limitations?
A: The Costa Rica CPI for Health is published on a monthly basis with minimal delays, providing timely data for analysis.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Costa Rica (CRICP060000GYM), retrieved from FRED.