Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Costa Rica
CRICP090000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.95
Year-over-Year Change
1.20%
Date Range
1/1/1995 - 12/1/2021
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Costa Rica measures changes in the prices of goods and services related to leisure activities, entertainment, and cultural participation. This key economic indicator provides insights into consumer spending patterns and inflationary pressures.
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 Recreation and Culture is a component of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This specific index focuses on the recreation and culture segment, offering valuable data for economists, policymakers, and businesses to understand consumer behavior and the overall state of the Costa Rican economy.
Methodology
The data is collected through a nationwide survey of consumer prices and then calculated using a weighted average formula.
Historical Context
This index is closely monitored by the Central Bank of Costa Rica and other institutions to inform economic policy decisions and market analysis.
Key Facts
- The CPI for Recreation and Culture in Costa Rica has a base year of 2018.
- This index accounts for approximately 7% of the overall Consumer Price Index in Costa Rica.
- The recreation and culture sector includes expenditures on items such as sports equipment, cultural events, and recreational services.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in Costa Rica measures changes in the prices of goods and services related to leisure activities, entertainment, and cultural participation.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into consumer spending patterns and inflationary pressures in the recreation and culture sector of the Costa Rican economy, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and then calculated using a weighted average formula.
Q: How is this trend used in economic policy?
A: The CPI for Recreation and Culture is closely monitored by the Central Bank of Costa Rica and other institutions to inform economic policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Costa Rica, but there may be occasional delays or limitations in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Costa Rica (CRICP090000IXOBM), retrieved from FRED.