Consumer Price Index: Transport (COICOP 07): Total for Costa Rica
Quarterly
CRICP070000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.68
Year-over-Year Change
-20.30%
Date Range
4/1/1995 - 10/1/2021
Summary
The Quarterly Consumer Rent Index (CRICP070000GPQ) measures changes in the cost of rent for consumers in the United States. This data point is crucial for understanding housing affordability and overall consumer price 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
The Quarterly Consumer Rent Index tracks the price of rent paid by U.S. consumers on a quarterly basis. It serves as an important indicator of housing costs and is used by economists, policymakers, and market analysts to assess inflationary pressures and consumer spending patterns.
Methodology
The data is collected through household surveys and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Rent costs are a key component of the Consumer Price Index (CPI), making the Quarterly Consumer Rent Index highly relevant for monetary policy decisions.
Key Facts
- The Quarterly Consumer Rent Index is published by the U.S. Bureau of Labor Statistics.
- Rent accounts for approximately one-third of the total Consumer Price Index.
- The index has increased by an average of 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Consumer Rent Index measures changes in the cost of rent paid by U.S. consumers on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Rent costs are a key component of the Consumer Price Index, making the Quarterly Consumer Rent Index highly relevant for assessing housing affordability and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Quarterly Consumer Rent Index is used by economists, policymakers, and market analysts to inform monetary policy decisions and assess consumer spending patterns.
Q: Are there update delays or limitations?
A: The Quarterly Consumer Rent Index is published with a brief delay, typically within two months after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly Consumer Rent Index (CRICP070000GPQ), retrieved from FRED.