Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Costa Rica
CRICP070000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.90
Year-over-Year Change
14.26%
Date Range
1/1/1995 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Transport in Costa Rica measures the price changes of goods and services related to transportation. This metric is a key indicator of inflation and cost of living trends in the country.
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 Transport in Costa Rica is part of the broader Consumer Price Index, which tracks the cost of a representative basket of consumer goods and services. The transport component specifically monitors prices for items like fuel, public transportation, and vehicle-related expenses.
Methodology
The data is collected through surveys of Costa Rican households and businesses.
Historical Context
Policymakers and economists use the CPI for Transport to assess inflationary pressures and make informed decisions on monetary and fiscal policies.
Key Facts
- Costa Rica's CPI for Transport has a base year of 1999.
- Transportation accounts for around 15% of the Costa Rican CPI basket.
- The CPI for Transport is published monthly by the Central Bank of Costa Rica.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport in Costa Rica measures the price changes of goods and services related to transportation, including fuel, public transit, and vehicle expenses.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Transport is a key indicator of inflation and cost of living trends in Costa Rica, providing important insights for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Costa Rican households and businesses by the Central Bank of Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the CPI for Transport to assess inflationary pressures and make informed decisions on monetary and fiscal policies in Costa Rica.
Q: Are there update delays or limitations?
A: The CPI for Transport in Costa Rica is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Costa Rica (CRICP070000IXOBM), retrieved from FRED.