Consumer Price Index: Transport (COICOP 07): Fuels and Lubricants for Personal Transport Equipment: Total for Costa Rica
CRICP070200GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-188.98%
Date Range
2/1/1995 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Transport Fuels and Lubricants in Costa Rica measures the change in prices paid by consumers for fuels and lubricants used for personal transportation. This metric is crucial for understanding inflationary pressures and consumer purchasing power.
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 Transport Fuels and Lubricants CPI is a subcomponent of the broader Consumer Price Index, which tracks the weighted average change in prices for a basket of consumer goods and services. This specific index focuses on the fuels and lubricants used to power private vehicles, providing insight into a key component of household transportation costs.
Methodology
The data is collected through surveys of retail establishments and service providers by the Costa Rican national statistics agency.
Historical Context
Policymakers and economists closely monitor this index to assess the impact of global energy markets and domestic policies on household budgets.
Key Facts
- The Transport Fuels and Lubricants CPI is a subindex of the overall Costa Rican CPI.
- This index has a base year of 2018 = 100.
- Gasoline and diesel fuel account for the majority of the weight in this index.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport Fuels and Lubricants in Costa Rica measures the change in prices paid by consumers for fuels and lubricants used for personal transportation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into inflationary pressures and the impact on household budgets, as fuel and lubricant costs are a significant component of transportation expenses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers by the Costa Rican national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this index to assess the impact of global energy markets and domestic policies on household budgets.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Fuels and Lubricants for Personal Transport Equipment: Total for Costa Rica (CRICP070200GPM), retrieved from FRED.